Crocogerry from Porcupine Farm

 

The Press reports that the much-touted surplus was in large part due to reduced spend on the Canterbury rebuild:

A surprise $300 million boost to the Government’s trumpeted Budget surplus relies mainly on a cut to the Earthquake Commission’s insurance bill, Treasury forecasts show … Budget documents show the improvement to $372m was given a $200m boost from “lower insurance expenses after an updated valuation of EQC’s insurance liabilities”.

If you look through Keith Ng’s awesome budget visualisation page, you will also observe that money is being pulled out of CERA. So while the Minister is busy denying that the floods in Christchurch have anything to do with the quakes, his government is putting the squeeze on EQC and CERA so that Key can boast about being “back in black”. The council is in a $534 million dollar hole – in part due to the anchor projects that the Crown has forced upon them – but instead of offering a helping hand, the government is pushing them towards it’s ideological obsession, asset sales.

Remember back to the day after the February 22nd quake, when Key said that this was a journey we would walk together? Well, National has hopped into a Crown limo and sped off, without even looking back to see how we’re doing. The message is clear; if you care about the rebuild of this city, about ensuring that people whose lives have been turned upside down through no fault of their own can get the assistance that they need, that they deserve, and that they were promised, then you need to throw out this government on September the 20th.

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