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 Kim Regime

During the Cuban Missile Crisis, the US had a very clear objective and eventually offered a quid pro quo of the removal of some of its own missiles from Turkey. This time, there’s no clarity about what the US is seeking, or offering.

It hasn’t helped that the US and the global media consistently agree on calling North Korea and its leadership “crazy” and “irrational” and urging it to “come to its senses”. When you treat your opponent as being beyond reason, it gets hard to comprehend what their strategy is, let alone work out the terms of a viable compromise. More>>

 

Recovery: Economic Impact Of Kaikōura Quake Revealed

The report details the impact on small businesses and tourism caused by disruptions to transport infrastructure and the economic impacts... The impact on New Zealand’s Gross Domestic Product (GDP) over the first 18 months following the earthquake has been estimated at $450-$500 million. More>>

ALSO:

Human Rights Commission: Urgent Need For Action On Seclusion And Restraint

Chief Human Rights Commissioner David Rutherford says that while the report makes for sobering reading, the focus should now be on how the recommendations can be used to reduce the occurrence of seclusion and restraint in New Zealand and, in circumstances where it is necessary, to improve practices. More>>

ALSO:

CORRECTIONS (March 2017):

SCHOOL SECLUSION ROOMS (2016):

$11bn Capital Spend, New Debt Target: Steven Joyce On Budget Priorities

First, delivering better public services for a growing country – providing all New Zealanders with the opportunity to lead successful independent lives... And finally, we remain committed to reducing the tax burden and in particular the impact of marginal tax rates on lower and middle income earners, when we have the room to do so. More>>

ALSO:

JustSpeak Report: Bail Changes To Blame For New Billion Dollar Prison

In 2013 criminal justice spending was falling and the Government was mulling over what to spend the money on. 3 years later there are 10,000 people in prison and a new billion dollar prison is announced. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news