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

 

Budget in line with infrastructure expectations

17 May 2017


Budget in line with infrastructure expectations

“The Adern-led Government’s first Budget has followed through on well-signalled investments in transport, housing, education and health, but greater use of private investment will be needed to get overall investment to the level required,” says Stephen Selwood, Chief Executive of Infrastructure New Zealand.

“Additional capital investment of $750 million in hospitals, $400 million in schools and the $300 million Canterbury acceleration programme is in line with pre-Budget commitments and will go some way to addressing immediate needs, such as at Middlemore Hospital in South Auckland and continuing the Christchurch rebuild.

“Confirmation too that transport spending and the Provincial Growth Fund will be resourced as indicated is welcome. However, just one third of the Provincial Fund is committed to capital projects with a significant part of the balance going to tree planting.

“Funding has been confirmed for the design of a new Dunedin Hospital, but there is no specific allocation to construction, despite the decision not to proceed with a public private partnership.

A $200 million commitment has been made to the delivery of rapid-build modular units for prisons but there is no provision for the major new prison at Waikeria that has been in planning.

“One of the most encouraging Budget announcements is that arms-length government bodies like Housing New Zealand, NZ Transport Agency and Crown Infrastructure Partners are to be given the flexibility to raise debt, beginning the long-overdue shift away from “pay-go” funding for large, lumpy capital projects.

“Housing NZ alone will be able to borrow up to $3 billion to get on with delivering safe, warm homes.

“The initiative should help speed up decision making, give greater certainty to the forward pipeline and facilitate engagement with industry.

“Much wider use of this type of model is required to deliver Kiwibuild over the next decade, including the billions of dollars of infrastructure needed to support 100,000 homes.

“No Budget allocation is clear yet regarding a specialised infrastructure agency, but it is just this sort of entity which would facilitate effective use of debt in the delivery of the Government’s large capital programme,” Selwood says.


ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Budget 2018: "Better Lives For Children"

Budget 2018 builds a better future for New Zealand children, with major investments in health, education, housing and justice to improve thousands of children’s lives, says Prime Minister and Minister for Child Poverty Reduction Jacinda Ardern. More>>

Gordon Campbell: On Budget 2018

To put it mildly, Budget 2018 has not been an outbreak of wild-eyed, tax and spend liberalism. “Unfortunately not,” says CTU economist Bill Rosenberg agrees laconically. “But what you're seeing and within the constraints [the government] have set themselves, they’ve done quite a good job of beginning to eat away at the deficits that have built up over the years. Not only the social deficits, but also in areas like economic development, the provinces, bio-security and so on.” More>>

Budget 2018 - Scoop Full Coverage

ALSO:

.

 
 

Gordon Campbell: On Regressive Taxes

The headlines would have you believe that inflation is safely under control, but a Statistics NZ press release indicates that isn’t the reality being experienced by the poor, given how the steeply rising costs of smoking, petrol, rent etc are falling disproportionately on low to middle income earners. More>>

ALSO:

Overlapping Treaty Claims: ‘You Are Taking Us To War’

Treaty Negotiations Minister Andrew Little was speaking about the treaty process and the importance of communication when he was challenged by a kaumatua from Tauranga Moana. More>>

ALSO:

Workplace Harrassment: Rights Body's Policy Inadequate

"Judge Coral Shaw’s report confirms what our members at the HRC have told us: that the workplace culture at the HRC needs to be addressed," PSA National Secretary Glenn Barclay says. More>>

ALSO:

Charter Schools: Transition Begins

As the next step in the transition of charter schools into the state school system, the formal process to end charter school contracts is starting today, Education Minister Chris Hipkins says. More>>

ALSO:

Labour & Labour: 'Not All Businesses Will Survive' Employment Changes

Q+A Transcript: Workplace Relations Minister Iain Lees-Galloway says New Zealand needs a high-skill, high-wage economy and accepts that some businesses will not survive some of its policy changes. More>>

ALSO:

Newshub Nation: Kiwirebuild

This week, the government admitted it’s had to tinker with its KiwiBuild policy to make it work. A three-bedroom home in Auckland will now cost $50,000 more than Labour promised during the election campaign. More>>

ALSO:

Budget 2018: Govt To Invest $42 Billion In Capital Spending

The Coalition Government will invest $42 billion in net capital spending over the next five years to support our plan to rebuild New Zealand’s infrastructure and critical public services, Finance Minister Grant Robertson said ... More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages