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Quake Families Suffer Under Creative Accounting

Rt Hon Winston Peters
New Zealand First Leader

15 May 2014

Quake Families Suffer Under Creative Accounting

Finance Minister Bill English has done a juggling act to create an artificial surplus in Budget 2014 at the expense of all New Zealanders, but especially Christchurch quake victims, says New Zealand First.

And what of forgotten Christchurch, asks New Zealand First Leader Winston Peters.

“What sort of Government holds back money from the Christchurch?

“You don’t have to tell the people of Christchurch facing another terrible winter - they know that they are being sacrificed so the Government can boast about its books.

“Tell the Christchurch people whose homes are flooded every time it rains that the fiddled books are more important than their lives.

“Holding back on the vitally needed money to rebuild Christchurch to generate the so-called surplus amounts to a crime against our own people.

“The facts are clear – the Government has jacked up the numbers from an insurance deal when AMI was taken over.

“The money was transferred into Government Bonds.

“The interest on the bonds is a match for the surplus.

“So – behold – the books balance!

“Let these economic gurus from the National Cronies Club go and tell the people in broken homes, begging for relief, what is happening to their relief,” says Mr Peters.

ENDS

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