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

 


Budget: $145m annual cost of asset sales

16 May 2014

Budget: $145m annual cost of asset sales

The Budget shows the ongoing cost of the Government’s asset sales is worse than originally projected, the Green Party said today.

Treasury has 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 reducing debt.

“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.

“National’s 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 budget.

“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 Norman.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Mt Eden Prison: Serco Inquiry Extended

A two month delay to the Government investigation into prison fight clubs shows the extent of problems within the Serco circus, says Labour’s Corrections spokesperson Kelvin Davis. More>>

ALSO:

Health And Safety: Late Addition Of National Security Provisions A Concern

The New Zealand Law Society has expressed its significant concerns at the last-minute addition to the Health and Safety Reform Bill of provisions for a closed material procedure for court proceedings where national security is involved. More>>

ALSO:

Rugby And Beer: World Cup Alcohol Bill Passes

ACT MP David Seymour’s Sale and Supply of Alcohol (Extended licensing hours during Rugby World Cup) Bill completed its third reading by 99 to 21... More>>

ALSO:

Gordon Campbell: On The Flag Campaign

So far, the public has treated the government’s flag campaign with something between disinterest and disdain. Most New Zealanders have instinctively seen through the marketing hype involved. More>>

Change For 2017: Local Govt To Decide On Easter Sunday Trading

The Government is to enable local communities, through councils, to decide whether retailers can open on Easter Sunday, Workplace Relations and Safety Minister Michael Woodhouse announced. More>>

ALSO:

(And Targets Worse Than Australia's): Foresters Abandoning Emissions Trading Scheme

The Government’s gutting of the Emissions Trading Scheme has caused foresters to leave and emissions to rise, says Labour’s Climate Change spokesperson Megan Woods. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news