Friday, 10 September 2021

ARDERN,LITTLE&CO BORROWING $110 MILLION EVERY DAY. WHO CARES?

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Robertson and Ardern looking worried - as they should be


In 2020, the Government announced it would be setting aside $62 billion in order to support the COVID-19 ‘response and recovery’, promising that it wouldn’t be used for any non-COVID related purposes.

One year on, the fund has been emptied - $12 billion in taxpayer funding alone spent on non-COVID related projects, such as the Three Waters Reform, Government House renovations, commercialised NZ music, cameras on fishing boats, Papua New Guinea tattoo practice, and even the Olympics.

National’s Finance Spokesperson Michael Woodhouse says it’s evidence that the Government has continued to operate under the guise of COVID-19 in order to spend taxpayer funds on ‘pet projects’.
‘That’s no surprise given the track record this Government has for bypassing the usual process for appropriating funds and treating taxpayer funds as their own personal slush fund.
‘Covid-19 has been used by the Finance Minister as cover for circumventing established practice around new spending. These practices prioritise quality projects and weed out lower quality spending.
‘Instead Grant Robertson has thrown out the idea of keeping within Budget Allowances and gone on a spending spree, the likes of which we have never seen before. He just doesn’t seem to be able to stop spending other people’s money.’
In the past 18 months, New Zealand’s debt has doubled from $60 billion to just another $120 billion, with the Government now borrowing almost $110 million every day.


Immaculate Heart of Mary, pray for New Zealand


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