Parliament

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

 

Key not making sense on NZ Fast Forward

13 March 2008 Media Statement

Key not making sense on NZ Fast Forward

Further comments this morning from Opposition leader John Key explaining why he wants to axe the $700 million government contribution to the NZ Fast Forward innovation fund appear muddled, agriculture minister and Progressive leader Jim Anderton said.

He says John Key has made one straight-out error, and one inexplicable comment about government funding.

"His obvious error is his statement that the only money spent will be interest on the capital investment. He is wrong about that. The entire fund will be used over 10 to 15 years, along with interest earned while the funds are being spent.

"Since his misunderstanding of the way the fund would work was his explanation for promising to axe it, will he still tell the primary sector he is going to abolish the fund?"

Jim Anderton said a fund that, with private sector contributions, over time will grow to as much as two billion dollars is much more secure and offers the sector much more certainty than John Key's vague promise of increased r&d spending.

He said John Key appeared bamboozled by public accounts in his comment reported this morning, that "This is a gimmick to pick up $700 million on the Reserve Bank balance sheet, invest it in another little pocket and use that interest to make the number look bigger.".

"What does that statement mean? I defy anyone to explain what John Key is talking about when he says $700m will be picked up on the Reserve Bank balance sheet. It doesn't make any sense.

"This is very worrying because it suggests that this person who wants to be prime minister this year doesn't have even a rudimentary or lay understanding of public finances. We do not live in a social credit paradise. Government funds are not 'picked up on the Reserve Bank balance sheet'.".


ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Why New Zealand Needs To Change Its Defence Habits


In a flashback to the military displays of days gone by, one of our frigates recently joined a Carrier Strike show of force in the South China Sea, en route to a joint military exercise in Singapore with our traditional allies, called BersamaGold21. Reportedly, Anna Powles, from the Centre of Defence and Security Studies at Massey University felt this to be a case of us doing our bit to uphold international law, and the right of free transit through the region in question... More>>

Government: New COVID-19 Protection Framework Delivers Greater Freedoms For Vaccinated New Zealanders


Vaccinated New Zealanders will regain everyday freedoms when the country moves to a new simplified COVID-19 Protection Framework that doesn’t rely on nationwide lockdowns as the main measure to stop the virus spreading. In a suite of announcements that establish a pathway out of restrictions the Government is also providing up to $940 million per fortnight to support businesses through the challenging period... More>>

ALSO:





 
 


Government: Responds To Independent Review Into WorkSafe

The Government has clear expectations that WorkSafe must action the recommendations of the independent review into the regulator to improve its management of adventure activities following the tragedy at Whakaari White Island, Workplace Relations and Safety Minister Michael Wood says... More>>

Government: New Zealand Secures Historic Free Trade Deal With The United Kingdom
New Zealand and the United Kingdom have agreed in principle the details of a historic Free Trade Agreement (FTA), which will further accelerate our COVID-19 economic recovery say Prime Minister Jacinda Ardern and Minister for Trade and Export Growth Damien O’Connor... More>>

ALSO:

Ombudsman: Launches Investigation Into MIQ Booking System
The Chief Ombudsman Peter Boshier is launching a broad investigation into the Managed Isolation and Quarantine (MIQ) booking system after receiving hundreds of complaints... More>>

ALSO:


Pay Cheque To Pay Cheque: Half A Million New Zealanders Have No Savings
New findings from the Consumer NZ sentiment tracker found that 15% of New Zealanders had no savings, and a further 27% were anxious about their level of savings and would like to have more tucked away... More>>


Government: Mandatory Vaccination For Two Workforces

Large parts of two workforces critical to preventing the spread of COVID-19 will be required to be vaccinated, COVID-19 Response Minister Chris Hipkins said today. “Our education and health and disability workforces have done an incredible job throughout this pandemic to keep themselves and people safe,” Chris Hipkins said.... More>>


Green Party: Deeply Concerned Space Launches May Be Breaching Nuclear-free Laws

The Green Party is deeply concerned that space launches by Rocket Lab may be breaching nuclear-free laws, given our long-standing position as a signatory of the Nuclear Non-Proliferation Treaty... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels