Newshub can reveal the Government’s Provincial Growth Fund (PGF), designed to create jobs and boost the regions, has only created 54 jobs and spent just $26.6 million of its $3 billion.
Even with just 3.4 percent of the funding paid out, each job is costing the Government about $484,000.
What an absolute waste of money.
Of course the PGF is about creating votes, not jobs. Every NZ household is paying around $1,500 just to help NZ First win an electorate seat.