Budget: $145m annual cost of asset sales
16 May 2014
Budget: $145m annual cost of asset
The Budget shows the ongoing cost of the
Government’s asset sales is worse than originally
projected, the Green Party said today.
identified an annual ongoing cash cost of $145 million due
to National’s asset sales. This is $43 million worse than
projected in December. The $145 million annual cost is due
to the fact that lost dividends, as a result of the asset
sales, are greater than the reduction in interest faced by
“According to the Government’s own
numbers National’s asset sales have failed,” said Green
Party Co-leader Dr Russel Norman.
“This budget shows the
price tag for this failure is even higher.
asset sales are now costing the country $145 million a year,
permanently. That’s the cost of providing Maternity
Services in this year’s budget.
“This hole in the
budget will have to be found somewhere else, every
“We’ve sold the family silver, and now each
budget we will be reminded of National’s failed plan as
New Zealanders face the cost,” said Dr
© Scoop Media
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