Managing taxpayer assets better

Managing taxpayer assets better

The Government’s first Investment Statement, published this week, shows taxpayers own assets worth $223 billion. These are the assets that you fund through things such as income tax, power bills, petrol tax, and road-user charges.

At a time when the Government is borrowing for all new capital investment, we need to get the most out of our existing assets and ensure new investment goes into areas where it can provide the largest improvements in public services. For example, newer better schools, modern well-organised hospitals, upgrades of our national electricity grid, and the roll-out of ultra-fast broadband.

The Investment Statement, to be published annually, forecasts Crown assets will grow by $33 billion in the next five years.

More information: http://www.beehive.govt.nz/release/investment-statement-lifts-scrutiny-assets