National's finance spokesperson says she's shocked by Government's inability to confirm if the Provincial Growth Fund is getting bang for buck.

Parliament has been told the paper trail tracking the Government's handling of the $640 million fund is so poor, auditors had to ask officials to recall what happened in their meetings.

National's Nicola Willis told Mike Hosking she can't believe they didn't check the applications against the original criteria.

She says it gives the impression the Government is spraying around a big money hose full of taxpayer cash.

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