Labour’s $51 billion of unfunded promises

Nicola Willis points out:

Labour’s spending promises will see government debt skyrocket even further, with no funding set aside for $51 billion of policy commitments like Light Rail and Lake Onslow, National’s Finance spokesperson Nicola Willis says.

“Labour’s economic mismanagement has seen government debt blow out from $5 billion in 2019 to over $100 billion. But that is just the tip of the iceberg, with major policy commitments remaining unfunded.

Major Labour policies that remain unfunded include:

• Auckland Light Rail, expected to cost up to $29.2 billion
• Wellington Light Rail, expected to cost around $5 billion
• Lake Onslow power scheme, expected to cost $15.7 billion
• Income insurance, which would cost the government as an employer $860 million over four years
• GST free fruit and vegetables, which is estimated to cost an extra $411 million over four years

“Every single year, Grant Robertson has blown the budget and broken his spending limits – because Labour can’t manage money and wasteful spending is in Labour’s DNA.

Think how much your power bills will go up paying for Lane Onslow?