Parliament

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

 

Robertson must explain omissions from HYEFU

Robertson must explain omissions from HYEFU

Finance Minister Grant Robertson must explain two multi-billion dollar omissions from the Half Year Economic and Fiscal Update released on 14 December, National Party Finance Spokesperson Steven Joyce says.

“It appears the Finance Minister has omitted reference to two particular large capital projects that meet the definition of ‘government decisions and other circumstances’ that have ‘material economic or fiscal implications’ and must be included,” Mr Joyce says.

“The $1.2-1.4 billion Dunedin Hospital is not referenced despite Mr Robertson declaring in the House on 28 November that it would be funded directly from the public purse instead of through a Public Private Partnership.

“The Government’s new $15 billion rapid transit light rail programme for Auckland is also not listed in the update, even though Mr Robertson committed to it in a speech to the Auckland Chamber of Commerce on 11 December.

“When questioned in the House today, Mr Robertson tried to say Dunedin Hospital was included in the ‘Other Capital Cost Pressures’ fiscal risk on page 84 of the HYEFU document. However the description of that risk makes no mention of health capital projects or Dunedin Hospital.

“The Dunedin Hospital project is now of such materiality and at such a high level of likeliness to be funded by the Crown it should have been specifically included as a risk to the accounts. That applies even more so to the $15 billion of new light rail projects the Crown has publicly committed to.”

Mr Joyce says that it is important that these major projects be included in the Government’s primary fiscal documents.

“The Public Finance Act is clear that this sort of information needs to be included. To exclude it will lend weight to the impression that the Government’s update is an unrealistic representation of the future fiscal position of the Government. And that won’t boost consumer and business confidence.

“This is a serious matter that needs a proper and clear explanation from Mr Robertson.”

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Malaysia Exposing Our Dodgy Policies On China

Last week, we all owed a vote of thanks to Malaysian PM Mahathir Mohamad for breaking with protocol during his bilateral meeting in Singapore with New Zealand PM Jacinda Ardern. Reportedly, Mahathir used the photo opportunity phase of the meeting – which usually involves just an exchange of smiles and pleasantries before the media is sent out of the room – to launch into matters of genuine substance.

By doing so, Mahathir usefully exposed how New Zealand is trying to make a virtue out of sitting on the fence over the South China Sea dispute. More>>

 

Health: Changes To Drinking Water Standards

David Clark said many of the changes he is making, which will take effect on 1 March 2019, are clarifications or corrections, “but there are two changes which will significantly improve the ability to test and respond to the presence of harmful bacteria such as E.coli”. More>>

ALSO:

IPCA: Police Detention "Unlawful But Reasonable"

The Independent Police Conduct Authority has found that while Police acted unlawfully in October 2017 when they detained a Queenstown man for a mental health assessment, their actions were reasonable in the circumstances. More>>

ALSO:

Joint Statement: Chile President's NZ Visit

At the invitation of the Right Honourable Jacinda Ardern, Prime Minister of New Zealand, His Excellency the President of the Republic of Chile, Sebastián Piñera, undertook a State Visit to New Zealand on 19 November 2018... More>>

ALSO:

Climate Change: Top Academics Call On Government To Take Action

One hundred and fifty academics and researchers from around Aotearoa, including Dame Anne Salmond, Emeriti Professors and several Fellows of the Royal Society, have signed a strongly-worded open letter to the Government demanding bold and urgent action to tackle climate change. More>>

ALSO:

Teacher Qualifications, Class Sizes: Ten Year Plan For Early Learning

“Moving towards 100 percent qualified teachers in early childhood education centres and improving adult:child ratios are among some of the key proposals for change put forward by the sector and experts in the new draft ten year strategic plan for early learning,” Chris Hipkins said. More>>

ALSO:

Teacher Strikes: Meeting, March And Rally In Wellington

Throughout the Wellington region the NZEI rolling strikes entered their final day Friday. Thousands of teachers met in Wellington, Kapiti, Porirua and the Wairarapa. More>>

ALSO:

14/11: Two Years’ Progress Since The Kaikoura Earthquake

Mayor John Leggett said it was a day for reflection, but also a time to recognise the work by many people to support progress towards recovery made across Marlborough since November 2016. More>>

ALSO:

Pike River: Mine Drift Re-Entry Plan To Proceed

“I’ve decided the Te Kāhui Whakamana Rua Tekau Mā Iwa - Pike River Recovery Agency, recommended course of action to enter the drift, using the existing access tunnel, is by far the safest option,” said Andrew Little. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels