web analytics

National Party economics: make $2 billion, spend 5

Written By: - Date published: 7:00 pm, June 29th, 2013 - 89 comments
Categories: accountability, assets, bill english, debt / deficit, economy, john key, national - Tags:

Today, R0b asked a question that many people have been posing: just how many times does the National Government think it can spend the “profits” it’s “made” by selling off viable money-making New Zealand assets?

So I had a wee dig. Bear in mind, I’m not an economist; I’m just a citizen trying to find out where her money’s being spent.

On the other hand, I help run a household, so apparently this makes me just as qualified as the next person to determine whether the Nats are good economic managers.

Let’s start with the income. 2012 Treasury forecasts suggested a price of $6 billion for selling off 49% of Mighty River Power, Meridian, Genesis Energy and Solid Energy, and part of the publicly-owned chunk of Air New Zealand.

The proceeds of these sales go towards the “Future Investment Fund” – which isn’t really a fund, more a guideline.

Now that’s just a Treasury forecast, so put what faith in that that you wish.

What we have in hand is $1.7 billion from the sale of Mighty River Power. (And this was at the low end of the initial $1.6-1.9b estimate of its value, so let’s add that fact to any niggles we feel about Treasury’s forecasts while we’re at it.)

Somewhere along the line this has become $2.1 billion added to the Future Investment Fund.

Now, to the spending.

National has committed from the Future Investment Fund:

Phew, that’s a mighty list of stuff!

A mighty list of stuff costing $5.26 billion dollars. Out of $6 billion dollars we don’t even have yet.

And that’s ignoring the Government’s earlier statements about reducing our debt by $6 billion. That’s ignoring the fact that the Future Investment Fund only funds capital expenditure, not operating expenditure.

That’s ignoring the millions in the cost of consultants and advertising already spent trying to hike up the price of Mighty River Power.

If we were a household, we’d be sticking a fancy new fridge on hire purchase while promising to put the Xbox on Trademe some time next month, honest, I reckon it’ll pull in $600, and doing nothing about the credit card debt we racked up taking the lads out for Friday night Jagerbombs. Oh, and that new fridge? Uses three times as much electricity, but we haven’t put aside any extra cash for the power bill.

Does this look like good economic management to you?

89 comments on “National Party economics: make $2 billion, spend 5”

  1. karol 1

    Looks like satisfactory figures to me, QoT.

    The Nats over-spenders are also probably already spending the money they think rate payers will get from the sale of the Ports of Auckland and other Auckland and Christchurch assets.

  2. Yes 2

    Ummm you have got this sooo wrong…you’re right you’re not an economist.. Look at the future income revenue budgets…they are included in the long term forecast.

    Before you even respond think about the is..where was labour going to fund 100,000 homes..greens QE was going to cost 3.5 B and now the dollar has dropped we just lost double based on this stupid monetary policy.

    Then wait for it Labour wanted to squander ACC reserves…hmmm that’s my taxpayers funds..

    Can you please write balanced reports

    • Pascal's bookie 2.1

      Can you please write in something resembling coherent thought?

    • QoT 2.2

      Look at the future income revenue budgets…they are included in the long term forecast.

      But Yes, my ladybrain is all befuddled! Future income revenue would seem to have fuck-all to do with asset sales, except insofar as they reduce future income.

      But as PB said, if you’d like to write a coherent comment which actually addresses the post in concrete terms I’m sure we’d all love to see it.

    • Colonial Viper 2.3

      Ummm you have got this sooo wrong…you’re right you’re not an economist.. Look at the future income revenue budgets…they are included in the long term forecast.

      Most trained economists don’t understand either money or debt. Their forecasts are also usually worth as much as an equivalent weight of toilet paper.

      What are you talking about?

  3. BM 3

    Maybe they’ll do a Russell and just print a pile of money?

    • QoT 3.1

      This has nothing to do with this post. Just like Yes, above, you are welcome to make comments which address the facts of the post. Any other derailing shit from you will be deleted.

    • tracey 3.2

      you mean like Mr Cameron (UK) and Mr Obama (USA)?

      You have to admit BM, that if this was the Labour Govt it would be called a lolly scramble or fuzzy economics. The two phrases greens and labour need to start throwing back at Nats around this nonsense.

      I recall when the asset sales were were schools and health (oh, the good old days… just 2 years ago actually).

  4. chris73 4

    National Party economics: make $2 billion, spend 5 should actually be National Party economics: make $2 billion, spend 5 and win re-election

    • Zorr 4.1

      “make $2 billion, spend 5 and win re-election while all the time complaining that any issues are due to the economic mismanagement of Clark and Cullen

      fify

      • chris73 4.1.1

        Problem?

        • QoT 4.1.1.1

          So let’s be clear, chris: you have no problem with National fiddling the books and lying about it as long as they win in 2014?

          Gosh, you’re a person of strong character.

          • chris73 4.1.1.1.1

            What you all need to understand is that what you say National are doing is what the right said Labour did when they were in power

            So while two wrongs may not make a right this will probably ensure National regains power (aided by Labours piss-weak management) which means we’ll have another three years of good, sound management before the left get a chance to undo all the good work

            So in this instance the end justifies the means, which I’m guessing is probably how a few labour supporters felt when Labour were upto their shenanigans (retrospective legislation anyone?)

            • QoT 4.1.1.1.1.1

              What I do love, chris, is how your argument literally boils down to:

              “Your side just hates it when my side does exactly what your side does, because you disagree with them, which means it’s ok when my side does it because I agree with them.”

              It also comforts me because I doubt someone with your level of critical thinking can so much as find his way to a polling booth every three years.

              • chris73

                Never fear, I always do my duty and perform my democratic right: two ticks National (unless Act ever sort themselves out)

        • muzza 4.1.1.2

          Nice of you to illustrate the mindset of those who, endorse the decline of this country.

          C73, if your posts are serious, you are foolish, if they are not serious, you are foolish!

          Must be a proud sensation, either way!

          • One Anonymous Knucklehead 4.1.1.2.1

            +1

          • chris73 4.1.1.2.2

            Fortunately more people in this country agree with my views than yours (or hadn’t you noticed the rights in charge?) and it looks like its going to continue for another three years

            • One Anonymous Knucklehead 4.1.1.2.2.1

              Yeah, about that, a couple of questions: which polling company got closest to the last two election results? What are their latest results?

              Doing sums 101?

              • chris73

                The worst result that can happen is National going in with WinstonFirst, Labour are doing such a good job of shooting themselves in the foot (again) that they won’t mount much of a challenge

                The media have already decided its a National win

                [QoT: If you are incapable of addressing the post directly, I must at least insist you stick to the topic of the comment you are responding to. This incessant jumping around is boring.]

  5. tc 5

    Nice one QOT I was wondering how many times over the Nats have spent asset sales proceeds they haven’t got yet also.

    Shows what a feckless under the thumb bunch the MSM are, yiuve laid out a golden rainbow of many many lines of questioning govt ministers should be getting Gerry McGuire styles ‘show us the money ‘ .

    Watch out for the old classification switch, where operational becomes capex and hey presto it can be funded by asset sales and distort some numbers to boot, a classic accounting technique to make loss turn into profit.

    A good graph would be time on the x axis and all these promises stacked along it, a line for declining income stream as assets get sold off and gov’t debt to show sheeple the ongoing con the banskta is perpetrating

  6. Gosman 6

    I’m not sure I see the point of this post other than QOT seems to have come out as a fiscal conservative. If so, then welcome to the dark side QOT. Good to see you care that Government spending should be kept in check.

    • QoT 6.1

      You’re absolutely right, Gosman, you haven’t seen the point of this post. Refrain from further trollish speculations about my political leanings or you’re out.

    • Draco T Bastard 6.2

      The one big difference I see between the right and the left is that the right say that they’re concerned about government spending but always blow the budget and the left don’t but almost always stay within budget.

      • Yes 6.2.1

        You serious.

        • One Anonymous Knucklehead 6.2.1.1

          Are you able to mount a reality based (ie: based on actual behaviour/outcomes when in government) rebuttal?

          Doubt it.

          • Yes 6.2.1.1.1

            Ok here’s a balance.. Micheal cullens hidden ACC blow out. When national gets in back in order..national decrease levies and Andrew little wanted to use it. Now I pay ACC for ACC matters..my fund.

            What about that great police IT program that spent 100M’s and had to be scrapped.

            Oh and didn’t Chris Hipkins sign off nova pay?

            Shall I carry on?

            • QoT 6.2.1.1.1.1

              And what the hell does any of this have to do with either my post or Draco’s comment?

              • Yes

                it was a reply to knucklehead

                • QoT

                  And it wasn’t relevant then, either. You were asked to “mount a reality based rebuttal” by OAK to DTB’s comment about the difference between right and left governments.

            • One Anonymous Knucklehead 6.2.1.1.1.2

              If you carry on, will you mount a reality-based rebuttal to Draco’s comment, or will you just keep on blithering like a twit?

              PS: the ACC “blow-out” was a lie. Did Nick Smith dupe you? Either he did, or you’re a deceitful prick. Which is it?

              • Yes

                extract NZ herald

                Former ACC minister Maryan Street, who received her first official advice of the shortfall on August 14, said the Treasury was closely involved and Dr Cullen would have got a “heads-up” from officials.

                Ms Street provided the official papers to the Herald, including the August 14 report from ACC that detailed an estimated shortfall of over $900 million over the next three years. The figures were actually estimated out for five years, taking the shortfall to $1.5 billion.

                Ms Street said Treasury, ACC and the Department of Labour were all recommending that no decision be made until after the election.

                She said that, like her, Dr Cullen was relying on the early estimates, which were not “good figures” and he would have been waiting until she officially wrote to him on October 22 when the figures had been checked out properly.

                [QoT: If you cannot provide a link this is worth fuck-all, you do realise.]

                  • You_Fool

                    from that link:
                    “A Treasury spokeswoman said the ACC shortfall was not included as it was not deemed to be under active consideration.”

                    So it was a change in expectations and no-one had decided which numbers were right, and were investigating when the PREFU was released – maybe not best that it wasn’t included, however that said, no evidence to say that once it was determined that Labour wouldn’t have dealt with it worse than National.

          • joe90 6.2.1.1.2

            What about that great police IT program that spent 100M’s and had to be scrapped.

            Oh, the one that IBM ditched in August 1999. Idiot.

            The Inquiry has had difficulty obtaining the relevant figures for the cost of the Contract. The following table based on the Project Director’s reports, shows forecast expenditure for those items to be supplied by IBM. The table does not show internal Police costs.

            http://www.justice.govt.nz/publications/global-publications/m/ministerial-inquiry-into-incis/historical-outline-of-incis

            • Yes 6.2.1.1.2.1

              agree – now that is a National blowout

              If you read my first line – now for some balance.

              There are lots of blowout projects by both governments – accusations was made that national always blow budgets.

              i never called you an idiot or anyone on here once a foul name – so please apologise

              • QoT

                “The Budget” is not the same as individual projects, most of which are big enough to cover multiple governments.

                • One Anonymous Knucklehead

                  Exactly.

                  So, Yes, now your red herrings have been given a decent burial, do you give up and concede the point, or are you going to attempt that rebuttal?

                • Yes

                  Im going to finish commenting on this post QoT – I have read all your moderations – if you are going to write a post and then moderate everyones response then your posts are a waste of time.

                  You made a list of projects – nothing wrong with that – I just suggested you should list all the Labour/greens etc policies as well for a balanced report.

                  Moderate this response if you like but if you cant handle peoples responses don’t write posts.

                  • QoT

                    Except for all those comments I didn’t moderate, including – shocking, I know – one which completely disagreed with the post!

                    (Probably a leftwing sockpuppet, right?)

                    You and all the other commenters whom I have had to moderate keep wanting to pretend that you think your bullshit is relevant to the post. It’s not.

                    There is nothing relevant about projects which may or may not have blown their budgets under Labour, to a post about National’s ambitious/casual/bullshit commitment of funds raised by selling assets.

                    Please, do fuck off. You haven’t exactly made a contribution anyone will miss.

                  • You_Fool

                    I didn’t realise that an opinion piece had to be balanced? Esp one written on a left leaning blog and detailing personal opinion, esp when that opinion is based on fact…

  7. Rogue Trooper 7

    Well, from what I can gather, reading between the lines on Key and Brownlee’s foreheads is while Len has staked some of his mayoralty on not selling the Port shares, Key has hinted at that possibility. Gerry’s preference is NOT for further charges to the tax-payer for using state-owned assets -roads, tunnels and rail-lines- through additional regional taxes.
    The lovely Rachel sneaked in a suggestion that pressure by the Nats on Len to sell assets is an underhand shove against him FROM being re-elected mayor.

    Yep, they got their roading projects attached to that “loopy” CRL “that would do so very little”. hmm.

  8. Iron myself 8

    After years of lurking here, I can see why so many former proponents of government tax and spend to “fix” the economy have jumped on the rather poor meme “national are fiscally irresponsible”. I’ve seen CV, DTB et al change their latest slogan at a heartbeat to oppose anything that national do when it used to be exactly what they were clamouring for so many times now its not even funny. Just sad now. Like watching Rodney dangerfield stand up. Partisan and out of date. I bet if national raised the top tax rate one of regulars here will scream it will increase capital flight and scare away all the NZ Australian returnees. Without ever seeing the irony.

    [QoT: Like Gosman, you have deliberately missed the point of this post. No further warnings.]

    • muzza 8.1

      Iron myself, cheers for the giggle, appreciate it.

      Possibly giving you too much credit, but why not, its Sunday.

      If you’re trying to say that, it matters not who controls the purse strings, the outcomes are more or less the same trajectory, then you would be correct!

      Still doesn’t negate the validity, of pointing out the blindingly obvious hypocrisy of the MSM, and the political motivations.

      • Iron Myself 8.1.1

        The blinding hypocrisy of the MSM. Political arguments need a new Godwin’s law regarding the media. Both sides blame it vociferously. Which means on aggregate it is doing its job and being neutral. Critical where it needs to be critical based on fact and supportive if required using the same facts. ” It’s all the MSM’s fault” is the most pathetic argument. If the media call parties out for shit behaviour and policy, that’s because it’s probably deserved.

        That’s NZ anyway. You can say what you like about the herald, but it is far more balanced than the government funded radio outlets and their presenters unswerving allegiance to left wing values.

  9. infused 9

    [QoT: There is a very clear difference between accepting disagreement and tolerating trolling douchebags. Guess which side of the line you just chose to stand on?]

    • infused 9.1

      [QoT: The reason this comment was put in moderation is because you used the word “trolling”; I have no control over that process, more’s the pity. And I’m not going to apologise for labelling something as trolling when it serves no purpose but derailing or personally attacking a post author. I’m really not going to explain this again.]

      • infused 9.1.1

        You opened yourself up for attack by saying “Bear in mind, I’m not an economist”

        I mean “That’s ignoring the millions in the cost of consultants and advertising already spent trying to hike up the price of Mighty River Power.”

        Why are you even posting that if you aren’t going to list the figures? It’s just filler.

        Not taking in to account the household/trademe rubbish you have posted.

        You wonder why you’re not getting any decent replies?

        [QoT: Oh, I get it – you’ve completely missed the point! The point where this is just a top-of-my-head post based on half an hour’s googling. Where I do not pretend to have every single fact and figure – much less access to it. You’ll note a lot of the links are to media sources, because it’s very difficult to track down actual governmental documentation of a lot of this stuff.

        Which might have something to do with the fact that the whole point is to illustrate the casual relationship National’s promises have to do with reality.

        The “household/trademe rubbish” is there to highlight the bullshit idea, put about by rightwingers since the dawn of time, that government budgets work like household budgets.

        And I know why I’m not getting decent replies, sweetie. Because I’ve made a post chock-ful of facts and figures which dipshits like you don’t actually have a good response for.

        You are not welcome to comment further on this post.]

        • Gosman 9.1.1.1

          If that was your point it wasn’t very clear. Certainly I didn’t see many people commenting that picked up on that. AlsonI’m not sure many people are seriously making the case that Government is exactly like a household. I have seen some people make this case but noone doing any serious economic analysis.

          • One Anonymous Knucklehead 9.1.1.1.1

            So, your defence to the accusation that your misunderstanding is a pretence is that you lack the cognitive ability to understand the post?

        • Gosman 9.1.1.2

          If that was your point it wasn’t very clear. Certainly I didn’t see many people commenting that picked up on that. I’m not sure many people are seriously making the case that Government is exactly like a household. I have seen some people make this case but noone doing any serious economic analysis.

          • felix 9.1.1.2.1

            It’s so weird how the only people who found the point unclear are the same people who set out daily and determinedly to deliberately disrupt and derail every thread on this site.

            So weird.

  10. Nordy 10

    I like your style QoT…pithy and to the point….

    A good post with real questions, unlike those we see asked by the MSM.

    It’s no wonder the Auckland rail link is scheduled for after the demise of this NACT govt – they have no idea about planning for the future. As has been stated succintly many times on TS, it is one of the defining features of right wing parties – it’s all about the short term, in other words, it’s about ‘me’.

  11. Wayne 11

    Well QoT, you seem to have ignored the fact that this expenditure takes place over a 10 year period. The money does not have to be in the bank right now. In any event 40+% of Meridian will be sold within 6 to 8 months.

    But actually the Left needs to work out where they stand on all of this (and this has been pointed out by most of the influential MSM commentators). You can’t blame National for not doing enough, then complain that when they do so, by asking where is the money, and by the way Phil Twyford complains that in any event it is not happening fast enough.

    What exactly is Labour’s message?

    • QoT 11.1

      Okay, but this raises a lot more questions:

      1) If they’re sticking to the initial plan for selling the power assets off over five years, how can they know right now where it’s best to spend $5.26 billion of it?

      2) But if they’re NOT sticking to that plan and are selling off Meridian quickly (coincidentally, pre-election) then they won’t get the “best price” for them and thus will have less money to spend on the things they’ve already committed to.

      3) I am not the Labour Party. This is not a Labour Party blog. The message of the Labour Party has fuck-all to do with my post.

      • Rogue Trooper 11.1.1

        having to wave a lot of nightstick policing this post Queen. (I regularly watch Wayne Mapp’s punditry on the box; wouldn’t bear it no mind, no how). Although, he and Susan Wood do make a lovely couple. “Middle New Zealand”, we despair.

    • One Anonymous Knucklehead 11.2

      I missed the part where QoT speaks for Labour.

      • weka 11.2.1

        More’s the pity though, they could do worse than having QoT as spokesperson 🙂

        • QoT 11.2.1.1

          On the plus side: can speak in full, clear sentences. On the minus side: full, clear sentences usually involve unladylike cusswords.

  12. irascible 12

    Key is doing the big offer spend up combined with a concerted social media advertising campaign and MSM conspiracies based on what happened in Australia with Gillard can be manipulated to happen in NZ to soften the country up for an early election once the GCSB bill fails to get endorsement.
    The spending promises all come with hooks – mainly more asset sales and then the sale of the infra structure (PPP schemes) to enrich the right wing profit taking asset strippers Key enjoys gambolling with.

  13. Disraeli Gladstone 13

    I’m not if this has been covered in the heaps of comments, but this post isn’t entirely accurate. Mainly because while it’s true that National don’t have the alleged $6bn from asset sales (I doubt it’ll get that high), National also isn’t looking to spend $5bn right now. The spending is staggered. For instance, the CRL isn’t going to be funded until 2020 by the government. Therefore that $1.4bn isn’t being spent now; it’ll be spent once the full proceeds from the asset sales have been collected.

    If you want to make the point that National is trying to have its cake and eat it too by announcing big spending projects that are popular and trying to hide that they’re not coming into effect straight away, that’s a damn good point. But to say that the spending out versus the revenue in from asset sales isn’t quite right, because it does seem like the spending is being staggered to match the staggered asset sales.

    • QoT 13.1

      This is true to a point – but on the other hand, they are committing to spend money they don’t have yet.

      What if the sale of Meridian is a complete flop? What if it’s so bad they literally can’t put Genesis up for sale? Does anyone believe Solid Energy’s going to be a viable product any time soon? Then what happens to the $1 billion for education, or the $1 billion for health? Sure, they haven’t yet spelled out exactly how those figures are going to get broken up, but there’s still a specific scale of upgrades and renovations they’ve promised.

      And this ignores the fact that National may not be in power after 2014 – so if a Labour-led government stops further asset sales, do they also get the blame for leaving schools/hospitals/Christchurch in the lurch and “breaking” the promises of the previous administration? Even if you think National will win in 2014, they’re not going to stick around another two terms after that to see the CRL kick off.

      Yes, at the moment they’re staggering the actual spending to the assets sales. But they’re not staggering their promises.

      (And I would bet money which I already actually have in my pocket that the promises are just going to keep on coming.)

      • Wayne 13.1.1

        QoT, To a much greater extent that an individual or a family, Govt’s plan their spending track out to 10 years or beyond. It less about the timing of the announcement (which will be chosen for best political advantage), and more about the timing of the actual expenditure – but I am sure you know all of this.

        And of course, every Govt plans as if they are the govt beyond the next election.

        In any event what is your actual complaint. Every thing that has been announced has bipartisan support, though I guess the two sides of politics have different ways of funding them. For the Left, increased taxes for every sector (personal, corporate and CGT). For the Right, same taxes as at present, but asset sales to make up the shortfall in the LTA account.

        Commenters here seem to have lost sight of the fact that over the next 10 years the LTA account will generate $15 billion. Much of it is already committed, but a fair bit is always available for large capital projects, such as the existing electrification project.

        I imagine both sides would borrow for these long term projects, although the Right is also keener on tolling.

        And unlike you, I believe when Govts make promises of the magnitude they stick by them.

        And it is likely that CRL will start before 2020. There is a huge amount of work in design and planning and tendering which will take at 2 to 3 years before construction starts. So even on the Nats 2020 timeframe serious work will start around 2017. And of course, if the City can get early funding, it could be before then,. In any event the PM has signaled the timing can be bought forward. My bet – Mayor Len will get things started in his next term, i.e. 2016.

        • One Anonymous Knucklehead 13.1.1.1

          Yeah that all sounds very plausible. Does it mean six equals twelve?

    • One Anonymous Knucklehead 13.2

      Wow! A cogent counter-argument!

      DG, They’re going to spend $12bn ($6bn in debt reduction, and $6bn in spending, give or take).

      No matter how long you take to spend it, 6 ≠ 12.

      • Chris 13.2.1

        It can be reasonably argued that they are the same thing so 6 doesn’t need to equal 12.

        I think most here would agree that the list of expenditure that QoT has set out is pretty necessary and should occur regardless of asset sales. By using the money from asset sales they have effectively eliminated $6bn of debt that the government would have needed to take on to fund these projects.

        In other words if the government has a debt level of $100 they can now fund more projects for that $100. So the money from the asset sales will be used to repay debt thereby allowing futher expenditure to occur.

        Also, I’m not a fan of the argument that they shouldn’t be planning to use the asset sales money because they don’t have it yet. The same could be said for all future government revenues, so does that mean they should have no plans as they do not have the tax revenue yet?

        • One Anonymous Knucklehead 13.2.1.1

          “…would have needed to take on…”

          That’s a lovely assumption you’ve got there. Did you make it yourself?

          GDP is always higher under Labour led governments, because they run the economy better, and that increases the tax take (not to mention that the biggest beneficiaries of society pay more tax).

          So, no, there is nothing to say that borrowing is the only solution. The National Party always has to borrow, as a consequence of its fiscal incompetence, but other parties are not as handicapped.

          • Chris 13.2.1.1.1

            Fair enough, however the fact remains that National is currently in power so they will take on debt rather than hiking taxes. You can compare it to what Labour would have done but that is rather academic. The fact remains they will take on debt and the asset sales can be used to pay down debt and fund projects at the same time as I just explained.

            For the record I also think taxes should be higher rather than borrowing more, however that’s not really the point here.

  14. Yes 14

    QOt you moderated or commented on 20 of the 66 posts on here..talk about controlling. And you abused people who posted as well.

    [QoT: And now it’s 21 out of 76.

    To give it a different spin, I only moderated the comments of 6 individuals – including yourself – and many of these moderations only involved adding mod comments, not deleting or editing the text.

    It’s not my fault that you six all lack home-training, and to be frank, you, BM, chris73 and Gosman are hardly the posterboys for constructive, genuine commenters at The Standard.]

    • One Anonymous Knucklehead 14.1

      Perhaps, like me, she has little tolerance for deceitful shills.

    • weka 14.2

      Yep, she’s got a trigger finger when it comes to tr*lling and derailing. I for one appreciate the tight moderation, because it means we don’t have endless sub-threads of drivel and abuse (from both sides I might add). Where someone has commented responding to the content of the actual post (as opposed to having a go at her politics, or making inflammatory remarks unrelated to the post content), she has engaged thoughtfully. It’s not hard to tell the difference. QoT has some rules about commenting on her posts, they’re not hard to learn.

      • QoT 14.2.1

        Thank you, weka. But unfortunately it seems that some people don’t find my rules all that clear, they just keep doing the same thing over and over and then complaining when it always delivers the identical results …

  15. quicksilver 15

    [QoT: Goodbye.]

    • One Anonymous Knucklehead 15.1

      Yeah, because Disraeli Gladstone disagreed and got insulted and banned. So did Wayne. No, wait…

    • weka 15.2

      qs, you do realise that intentionally misrepresenting the rules, is against the rules.

  16. Jon L 16

    The difference between “left” and right, as I see it, is that the
    right blow the budget on helping themselves, and the left tend to blow it on trying to help the community.
    I know which way I’d rather it be blown…….

Recent Comments

Recent Posts

  • New Zealand expresses condolences on passing of Vanuatu High Commissioner
    Foreign Affairs Minister Winston Peters today extended New Zealand’s condolences following the death of Vanuatu’s High Commissioner to New Zealand, Johnson Naviti, who passed away yesterday afternoon in Wellington. “Our thoughts are with the High Commissioner’s family and colleagues during this difficult time. This is a terrible loss both to ...
    BeehiveBy beehive.govt.nz
    11 hours ago
  • Government announces allocation of three waters funds for councils
    The Government has today set out the regional allocations of the $761 million Three Waters stimulus and reform funding for councils announced by Prime Minister Hon Jacinda Ardern this month.  "I want to thank Councils around the country for engaging with the Central Local Government Steering Group who have been ...
    BeehiveBy beehive.govt.nz
    13 hours ago
  • Funding boost for students with highest learning support needs
    Students with high and complex learning needs, as well as their teachers and parents, will benefit from a substantial increase to Ongoing Resourcing Scheme (ORS) funding, Associate Education Minister Martin announced today. “Nearly $160 million will go towards helping these students by lifting their base support over the next four ...
    BeehiveBy beehive.govt.nz
    13 hours ago
  • Govt connecting kiwis to affordable, healthy food
    Funding for innovative projects to connect Kiwis with affordable, safe and wholesome food, reduce food waste, and help our food producers recover from COVID-19 has been announced today by Agriculture Minister Damien O’Connor. “COVID-19 has seen an increasing number of families facing unprecedented financial pressure. Foodbanks and community food service ...
    BeehiveBy beehive.govt.nz
    15 hours ago
  • Getting infrastructure for housing underway
    Eight shovel-ready projects within Kāinga Ora large-scale developments, and the Unitec residential development in Auckland have been given the go-ahead, Minister for Housing Dr Megan Woods announced today. Megan Woods says these significant infrastructure upgrades will ensure that the provision of homes in Auckland can continue apace. “The funding announced ...
    BeehiveBy beehive.govt.nz
    16 hours ago
  • Napier walk and cycleway to improve safety
    The Government is funding a new separated walking and cycleway path along Napier’s Chambers and Ellison streets to provide safer access for local students and residents across Marine Parade and State Highway 51, Transport Minister Phil Twyford and Police Minister Stuart Nash announced today. Funding of $2.7 million has been ...
    BeehiveBy beehive.govt.nz
    19 hours ago
  • PGF creates more than 10k jobs, success stories across NZ
    More than 13,000 people have been employed so far thanks to the Coalition Government’s Provincial Growth Fund, Regional Economic Development Minister Shane Jones has today announced. The number of jobs created by Provincial Growth Fund (PGF) investments has outstripped the 10,000 jobs target that the Government and Provincial Development Unit ...
    BeehiveBy beehive.govt.nz
    21 hours ago
  • Inaugural seafood awards honour sustainability
    Scientists and innovative fishing operators from Stewart Island and Fiordland to Nelson, Marlborough and Wellington have been honoured in the first ever Seafood Sustainability Awards. Fisheries Minister Stuart Nash has congratulated the winners of the inaugural Seafood Sustainability Awards held at Parliament. “The awards night honours six winners, from a wide ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Climate resilience packages for regions
    The Government is providing an investment totalling more than $100 million for regions to protect against and mitigate the effects of climate change, Deputy Prime Minister Winston Peters and Infrastructure Minister Shane Jones have announced. Six regions will receive funding from the $3 billion allocated to infrastructure projects from the ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Southern Waikato shovel ready projects get the green light
    Three major local projects at Te Kuiti and Otorohanga have been given the money to get moving after the impact of Covid 19, says the Minister of Māori Development Hon Nanaia Mahuta.  The projects range from a Sports Centre for Te Kuiti, a redevelopment of the Otorohanga  Kiwi House and ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • New Zealand extends Middle East and Africa peace support deployments
    The Coalition Government has extended three New Zealand Defence Force deployments to the Middle East and Africa by two years, Foreign Affairs Minister Winston Peters and Defence Minister Ron Mark announced today.  “These deployments promote peace in the Middle East and Africa by protecting civilians and countering the spread of ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Govt progress on climate change essential, risk assessment shows
    The release of the National Climate Change Risk Assessment shows that the progress this Government has made to solve the climate crisis is essential to creating cleaner and safer communities across New Zealand. “Because of this report, we can see clearer than ever that the action our Government is taking ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • $10m sport recovery fund open for applications
    The second round of the Community Resilience Fund is now open for applications for sport and recreation organisations experiencing financial hardship between 1 July and 30 September 2020. “The fund opens today for five weeks – closing on September 6. The amount awarded will be decided on a case-by-case basis ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Rakitū Island declared latest predator free island
    Minister of Conservation Eugenie Sage today declared Rakitū Island, off the coast of Aotea/Great Barrier Island, predator free. “I’m delighted to announce that with rats now gone, Rakitū is officially predator free. This is a major milestone because Rakitū is the last DOC administered island in the Hauraki Gulf Marine ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Funding to restore significant Māori sites in the Far North
    The Provincial Growth Fund is investing $8.75 million to restore significant historic sites at Ōhaeawai in the Far North, upgrade marae and fund fencing and riparian planting. Regional Economic Development Minister Shane Jones made the announcements following a service at the historic St Michael’s Anglican Church at Ōhaeawai today.  Just ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Big boost for Chatham Islands’ economy
    The Chatham Islands will receive close to $40 million for projects that will improve its infrastructure, add to its attraction as a visitor destination, and create jobs through a planned aquaculture venture, Infrastructure Minister Shane Jones has announced. “The COVID-19 pandemic has had a devastating impact on the islands, first ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • More initiatives to reduce energy hardship
    The Government is delivering more initiatives to reduce energy hardship and to give small electricity consumers a voice, Energy and Resources Minister Megan Woods said today. “In addition to the initiatives we have already delivered to support New Zealand families, we are responding to the Electricity Price Review with further ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Turning the tide for hoiho/yellow-eyed penguin
    Government, iwi, NGOs and rehabilitation groups are working together to turn around the fortunes of the nationally endangered hoiho/yellow-eyed penguin following a series of terrible breeding seasons.  The Minister of Conservation Eugenie Sage helped launch the Five Year Action Plan at the annual Yellow-Eyed Penguin symposium in Dunedin today. “I ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Taskforce ready to tackle tourism challenges
    The membership of the Tourism Futures Taskforce has now been confirmed, Tourism Minister Kelvin Davis announced at an event at Whakarewarewa in Rotorua today. “The main purpose of the independent Tourism Futures Taskforce is to lead the thinking on the future of tourism in New Zealand,” Kelvin Davis said. Joining ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Investing in the tourism sector’s recovery
    More than $300 million in funding has been approved to protect strategic tourism businesses, drive domestic tourism through regional events and lift digital capability in the tourism industry, Tourism Minister Kelvin Davis announced today. A $400 million Tourism Recovery Package was announced at Budget 2020, and with today’s announcements is ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Permits to be required for exporting hard-to-recycle plastic waste
    From 2021 permits will be required for New Zealanders wanting to export hard-to-recycle plastic waste. The Associate Minister for the Environment, Eugenie Sage, today announced the requirements as part of New Zealand’s commitments to the Basel Convention, an international agreement of more than 180 countries which was amended in May ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Growth in new building consents shows demand is still high
    The building and construction sector is still showing strong growth, with the number of new dwellings consented up more than 8 per cent compared to last year, reflecting a welcome confidence in the Government’s COVID-19 response package, Minister for Building and Construction Jenny Salesa says. “While it is still too ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • $23 million for Bay of Plenty flood protection
    Government investment of $23 million for Bay of Plenty flood protection will allow local communities to address long-standing flood risks and provide jobs, Deputy Prime Minister Winston Peters and Under-Secretary for Regional Economic Development Fletcher Tabuteau announced in Rotorua today. These projects are being funded by the Infrastructure Reference Group’s (IRG) shovel ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Rotorua benefits from over $62 million boost
    Investment for projects that will create hundreds of jobs in Rotorua were announced today by Deputy Prime Minister Winston Peters and Under-Secretary for Regional Economic Development Fletcher Tabuteau. These projects will provide opportunities for economic development in a region that has been hard hit by COVID-19,” Winston Peters said. Fletcher ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Increased counselling support for all students
    For the first time, primary schools will have access to funding for counsellors for their students, Associate Education Minister Tracey Martin announced today. “A major investment of $75.8 million will provide greater access to guidance counsellors to help primary and secondary school students deal with mental health and wellbeing issues,” ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Report of the Government Inquiry into Operation Burnham released
    Defence Minister Ron Mark today welcomed the release of the Report of the Government Inquiry into Operation Burnham and related matters, and the Government response.  “I thank the Inquiry for their thorough and detailed report, on a highly complex issue. I accept the recommendations of the report, and fully support ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • 1BT funds create jobs and lasting benefits
    Forestry Minister Shane Jones has announced $6 million of One Billion Trees funding for seven regional initiatives to create jobs and provide long-lasting environmental and economic benefits. The projects range from improving one of the poorest-quality water catchments in Otago to restoring 52km of waterways around Hokianga Harbour. Six of the ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Kawerau projects to receive $5.5 million from Provincial Growth Fund
    Deputy Prime Minister Winston Peters today announced $5.5 million in funding from the Provincial Growth Fund (PGF) for two Kawerau projects and says this is a significant boost for the people of Kawerau. “These projects will bring much-needed investment and will create up to 60 jobs for locals,” Mr Peters ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • $5 million for Kaingaroa Village Redevelopment
    Kaingaroa Village in the Bay of Plenty is to get $5 million to help fund a comprehensive upgrade of its infrastructure, facilities and housing, Under-Secretary for Regional Economic Development Fletcher Tabuteau announced today. Mr Tabuteau travelled to the remote village to make the announcement, telling Kaingaroa residents how the funding ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • $18 Million Funding Boost for Bay of Plenty Business Park
    The Rangiuru Business Park project near Te Puke is getting $18 million from the Provincial Growth Fund (PGF), Under-Secretary for Regional Economic Development Fletcher Tabuteau announced today. “This is all about unlocking the potential of this region. When it’s finished, the Rangiuru Business Park will be the Bay of Plenty’s ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Town revitalisation and aquaculture investments create jobs in Ōpōtiki
    Deputy Prime Minister Winston Peters has today announced that a $26 million investment in Ōpōtiki will see important public amenities upgraded and further progress made on new aquaculture opportunities. “The people of Ōpōtiki have been waiting decades for real investment in key infrastructure, and support for the incredible aquaculture opportunities ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Minister congratulates the Cook Islands community for its 9th year of Language Weeks
    The Minister for Pacific Peoples, Aupito William Sio wishes to congratulate the Cook Islands community throughout Aotearoa for the 9th year of Te ‘Epetoma o Te Reo Māori Kūki ‘Āirani, the Cook Islands Language Week.  “This is a proud milestone that reflects on the huge effort made by the Cook ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Construction underway on longest section of Glen Innes to Tāmaki Drive Shared Path
    Aucklanders in the Eastern Suburbs will soon have more ways to get around, with Transport Minister Phil Twyford and Associate Transport Minister Julie Anne Genter kicking off construction on Section 2 of Te Ara Ki Uta Ki Tai, the Glen Innes to Tāmaki Drive Shared Path today. The Glen Innes ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • 350,000 More Measles Vaccines for Massive Immunisation Campaign
    The Government is stepping up the fight against measles and protecting hundreds of thousands more young adults by investing up to $40 million for a year-long measles-catch-up campaign and $23 million to fully fund and develop the National Immunisation Solution, Associate Minister of Health Julie Anne Genter announced at Mangere ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Operation Burnham report released
    Attorney-General David Parker has today released the findings of the Government inquiry held into Operation Burnham and related events. The operation took place on 21-22 August 2010 in Tirgiran Valley, Afghanistan, and was carried out by NZSAS troops and other nations’ forces operating as part of the International Security Assistance ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Locally-led solutions at centre of new community resilience fund
    From tomorrow, community groups around New Zealand can apply to a $36 million fund established to encourage locally-led solutions as communities rebuild and recover from COVID-19, announced Minister for Social Development Carmel Sepuloni and Minister for Community and Voluntary Sector Poto Williams. “The Community Capability and Resilience Fund (CCRF) builds ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Securing healthy futures for all Māori
    The Government has committed to improving Māori health and wellbeing over the next five years. The Associate Minister of Health (Māori Health) today released Whakamaua: Māori Health Action Plan 2020-2025 which sets the pathway towards achieving healthy futures for all Māori. “As kaitiaki of the system, the Ministry of Health ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Porirua Development delivers more new public housing
    The first of nearly 70 new state homes have been opened in Cannons Creek, Porirua by the Associate Minister of Housing, Kris Faafoi, as part of an increase in public housing being delivered through the Porirua Development.  “Completion of the first 10 of 53 new two and five bedroom homes ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • New standards for existing marine farms provide consistency
    New environmental standards will make the re-consenting of existing marine farms more consistent across the country.  The new regulations for the National Environmental Standards for Marine Aquaculture (NES-MA) will come into effect on 1 December, Environment Minister David Parker and Fisheries Minister Stuart Nash said.   “The NES-MA removes complexities and ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Government signs Accord reinvigorating commitment to Far North iwi
    Today marks a milestone as the Minister for Social Development Carmel Sepuloni and Minister for Māori Development Nanaia Mahuta co-sign an Addendum – with the Iwi Chairs of Te Rarawa, Ngāi Takoto and Te Aupōuri – to the Te Hiku o Te Ika Iwi-Crown Social Development and Wellbeing Accord (the ...
    BeehiveBy beehive.govt.nz
    5 days ago