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By: Newstalk ZB staff | Business News | Wednesday June 27 2012 9:10
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Economic growth and jobs will come from partial asset sales - and if that were explained properly, more people would be in favour of them. Business correspondent Roger Kerr says the Government's done a poor job of telling the community why they're needed. He says the share sales of 49 per cent of Mighty River Power will fund a fast broadband network and school, university and public transport programmes. "If these partial assets sales did not happen at this time, those projects would not be started for another 10 to 15 years and they wouldn't start now, as it's certainly not prudent for the Government to borrow more at this time and finance them by way of debt." Mr Kerr says the funds are not going to be used to pay off debts, or to buy the groceries. Photo: NZ Herald |
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economy |
Wednesday, May 15, 2013
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