A report by TDB Advisory showing the success of the Mixed Ownership Model demonstrates the need for more asset sales, says the New Zealand Taxpayers’ Union.
Taxpayers’ Union Economist Joe Ascroft says, “This report demonstrates what most analysts already knew: private-sector discipline can transform bloated, inefficient Government-owned companies into efficient market-disciplined businesses. It’s a win-win-win for taxpayers, investors, and consumers.”
“With the Government struggling to meet its self-imposed budgetary restrictions, it’s actually the perfect time for an expansion of the Mixed Ownership Model. Raising capital and increasing dividend payments would give Grant Robertson the room to invest in infrastructure without seriously damaging the country’s books.”