Parliament

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

Gordon Campbell: On The
America’s Cup

The fact New Zealand now reigns supreme once again in the most sophisticated contest in the world’s most elite sport – yacht racing – can’t help but reflect the trajectory the country has been on since the 1980s...

Elite sport used to feel more like a collective, shared experience. It was our team, composed of people who lived and worked like us. Now, not so much. More>>

 

PM's Press Conference: Red Socks And Secret Tapes

Prime Minister Bill English began his post-cabinet press conference by explaining how well the National Party's annual conference went. He also mentioned today's announcement of changes to the EQC disaster insurance legislation and wished Emirates Team New Zealand well in the America's Cup. More>>

Max Rashbrooke: On How To Make Government More Open

International surveys, while often complimentary, have also pinpointed major weaknesses: political donations are badly regulated, for instance, and appointments to government boards frequently go to those with strong political connections. More>>

In Court: Hamilton Student's Lawsuit Over Climate Change Policy

A law student from Hamilton is preparing to challenge the Government in the High Court on Monday over what she says is a “failure” to properly address climate change. More>>

ALSO:

Gordon Campbell: On The Fallout From The Barclay Tape

This is hardly a case of cleaning out your desk and being turfed out onto the pavement. As others have pointed out, the disgraced Clutha-Southland MP will remain on the public payroll for three months until the election, and for three months afterwards. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election
 
 
 
  • PublicAddress
  • Pundit
  • Kiwiblog