Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


Govt should pay for roads

Govt should pay for roads


“Finding the money to pay for roads should be easy. But the options being put forward by submitters to the New Zealand Transport Authority (NZTA) funding subsidies review lack imagination, show little knowledge of history, and will be more expensive for ratepayers” said Democrats for Social Credit’s Transport spokesman David Wilson.

“Concerns expressed by Local Government NZ (LGNZ) are valid: it’s unfair for local government to carry the cost of building and maintaining New Zealand’s road network. Proposed reshuffling of the Funding Assistance Rates (FAR) allocations will create disparities and overlooks the most obvious solution.

“Provision exists in the Public Finance Act 1989 (clauses 46 & 54) for the Minister, on behalf of the Crown, to ‘borrow money….in the public interest’ from ‘any person, organisation or government’ and ‘on any terms and conditions that the Minister thinks fit’.

“So the Minister may utilise the publicly owned Reserve Bank of New Zealand (RBNZ) to draw down interest free loans to meet the development and maintenance costs of our roading network.

“The RBNZ has been the source of funding on many occasions in the past. It’s paid for capital works ranging from State housing, hospitals, schools, and road & bridge building.

“The work needed to find the money to pay for infrastructure development is in lobbying the Government to abandon its support for the private commercial banking sector, to let go of its preference for interest bearing loans, and to genuinely act in the public interest by sourcing the money from the RBNZ.

“LGNZ must reject the government’s fixation with the private banking system as being unfair, unsustainable, and contrary to the public interest.

“All taxation gathered for roads should be spent on roads and the shortfall should be made up by central government using a Reserve Bank line of credit.”

Mr Wilson noted that the DSC wouldn’t hesitate to utilise the RBNZ’s credit facilities to sustainably fund the development and maintenance of transport infrastructure as a key aspect of establishing a social credit economy in New Zealand.

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

 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news