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

 


Treasury cover-up of rebuild cost outrageous

Treasury cover-up of rebuild cost outrageous


John Key’s admission that the Government’s share of the Canterbury rebuild will increase to $20 billion less than a month after the Budget stated it was $15 billion, raises serious questions either about the political neutrality of the Treasury or their manipulation by National, Labour’s Finance spokesperson David Parker says.

“When the May Budget was delivered, the Opposition questioned the Crown’s cost for the rebuild after an independent report found the Christchurch City Council’s share alone had been under-estimated by more than $500 million.

“It is disappointing the Treasury has allowed the rebuild figures to be manipulated so the Government could claim a ‘surplus’. The Treasury should be an independent public servant, not a political arm of the Government.

“This is a worrying trend for the Treasury, which under John Key has become increasingly politicised.

“In 2011 the Treasury allowed the Government to book the proceeds of the asset sales in the pre-election fiscal update (PREFU) before they were sold, while at the same time not deducting the lost dividend revenue.

“The National-led government is looking increasingly shady in its manipulation of the Treasury.

“This is a National Government that calls John Banks ‘honest’, supports shonky electoral deals and National’s cash-for-access ‘Cabinet Club’. It also allows Judith Collins to remain a minister after misleading the public over her promotion of Oravida, a company her husband is a director of.

“This is a Government that this week secretly wined and dined diplomats in Queenstown at the cost of the taxpayer and refuses to disclose the costs of their junket. New Zealanders only learned about this because the Prime Minister’s briefing was distributed by mistake.

“The Treasury needs to show some integrity and explain how John Key has been able to manipulate the rebuild costs to manufacture a ‘surplus’ and re-announce higher figures just a month later.

“Will the Treasury’s PREFU announcement in August show the May Budget rebuild numbers were a lie?”


ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Scoop Business: Auckland Convention Centre Cost Jumps By A Fifth

SkyCity Entertainment Group, the casino and hotel operator, is in talks with the government on how to fund the increased cost of as much as $130 million to build an international convention centre in downtown Auckland, with further gambling concessions ruled out.

The Auckland-based company has increased its estimate to build the centre to between $470 million and $530 million as the construction boom across the country drives up building costs and design changes add to the bill, it said in a statement. The casino operator had previously estimated the centre would cost $402 million, which it had agreed to cover in return for extensions to its Auckland gaming licence.

The company today lodged its application for a resource consent. More>>

 

Parliament Adjourns:

Greens: CAA Airport Door Report Conflicts With Brownlee’s Claims

The heavily redacted report into the incident shows conflicting versions of events as told by Gerry Brownlee and the Christchurch airport security staff. The report disputes Brownlee’s claim that he was allowed through, and states that he instead pushed his way through. More>>

ALSO:

TAIC: Final Report On Grounding Of MV Rena

Factors that directly contributed to the grounding included the crew:
- not following standard good practice for planning and executing the voyage
- not following standard good practice for navigation watchkeeping
- not following standard good practice when taking over control of the ship. More>>

ALSO:

Gordon Campbell:
On The Pakistan Schoolchildren Killings

The slaughter of the children in Pakistan is incomprehensibly awful. On the side, it has thrown a spotlight onto something that’s become a pop cultural meme. Fans of the Homeland TV series will be well aware of the collusion between sections of the Pakistan military/security establishment on one hand and sections of the Taliban of the other… More>>

ALSO:

Werewolf Satire:
The Politician’s Song

am a perfect picture of the modern politic-i-an:
I don’t precisely have a plan so much as an ambition;
‘Say what will sound most pleasant to the public’ is my main dictum:
And when in doubt attack someone who already is a victim More>>

ALSO:

Flight: Review Into Phillip Smith’s Escape Submitted To Government

The review follows an earlier operational review by the Department of Corrections and interim measures put in place by the Department shortly after prisoner Smith’s escape, and will inform the Government Inquiry currently underway. More>>

ALSO:

Intelligence: Inspector-General Accepts Apology For Leak Of Report

The Inspector-General of Intelligence and Security, Cheryl Gwyn, has accepted an unreserved apology from Hon Phil Goff MP for disclosing some of the contents of her recent Report into the Release of Information by the NZSIS in July and August 2011 to media prior to its publication. The Inspector-General will not take the matter any further. More>>

ALSO:

Drink: Alcohol Advertising Report Released

The report of the Ministerial Forum on Alcohol Advertising and Sponsorship has been released today, with Ministers noting that further work will be required on the feasibility and impact of the proposals. More>>

ALSO:

Other Report:

Leaked Cabinet Papers: Treasury Calls For Health Cuts

Leaked Cabinet papers that show that Government has been advised to cut the health budget by around $200 million is ringing alarm bells throughout the nursing and midwifery community. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news