Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


$17 million added to asset sales bill


5 July 2013

$17 million added to asset sales bill

The cost of National’s asset sales has grown by a further $17 million bringing the total costs that have been revealed to the public to $72 million, Green Party Co-leader Dr Russel Norman said today.

The latest Government Financial Statements reveal that National spent $17 million in “direct sales costs” on the sale of Mighty River Power. This is in addition to $25 million on the bonus share giveaway, and $30.3 million in costs to Treasury, the SOEs, and other branches of government up to 31 March 2013.

“The cost of National’s asset sales programme has been outrageous,” said Dr Norman.

“John Key has wasted at least $72 million on his asset sales so far, including another $17 million revealed today.

“The $72 million plus of public money that Mr Key has wasted on asset sales could have been used to fund nurses in schools, or insulate homes, or to help build a second internet cable.

“There is a huge list of worthwhile projects that are crying out for government investment but, instead, National wastes our money on asset sales that Kiwis don’t want.

“And for what? The Government has lost a valuable revenue source while the Kiwis who Mr Key encouraged to put their savings into Mighty River shares have lost tens of millions of dollars so far.

“Kiwis don’t want the Key Government spending their money to sell their assets. It’s time for National to call a halt to this wasteful policy,” said Dr Norman.

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Royals: The Prince Of Wales And Duchess Of Cornwall To Visit

Prime Minister John Key welcomes today’s announcement that the Prince of Wales and The Duchess of Cornwall will visit New Zealand in November. This will be the second joint visit for Their Royal Highnesses to New Zealand. More>>

ALSO:

Tracey Martin Replaced: Ron Mark Is New New Zealand First Deputy Leader

Clayton Mitchell was the successful candidate for the Associate Whip position. Winston Peters was re-elected as Leader by the Caucus. Ron Mark was elected as the Deputy Leader with effect from 10am, Friday, 3rd July. More>>

ALSO:

Rebuild Rebrand: "Regenerate Christchurch" To Replace CERA

The regeneration of Christchurch will be the city’s focus for the next five years as local leadership progressively takes control of the rebuild, Canterbury Earthquake Recovery Minister Gerry Brownlee says. More>>

ALSO:

Nauru: Scholars Urge Minister To Act On Deteriorating Democracy

“Since the 2013 election in Nauru, there has been a series of disturbing developments on the islands that indicate a severe deterioration in the state of its parliamentary democracy and in the rule of law,” say the scholars. More>>

ALSO:

Foreign Affairs: NZ Begins Presidency Of UN Security Council

Prime Minister John Key has welcomed the start of New Zealand’s month-long Presidency of the United Nations Security Council in New York. More>>

ALSO:

Labour: Cash For Charter Schools, Mould For State Schools

“Recently released financial statements show the Whangarei charter school He Puna Marama received $3.9 million in government funding to the end of last year. Yet their audited accounts show they only spent $1.4 million on education, leaving almost $2.5 million over two years unaccounted for." More>>

ALSO:

Kiwirail Plans Shift From Electric: National Urged Not To Take Backwards Step

The National Government shouldn’t drag New Zealand backwards by replacing its climate friendly electric trains with carbon-polluting diesel trains, the Green Party said today. More>>

ALSO:

Capital Connection:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news