Government Borrowing $100 Million For High-Risk Gambling
The Taxpayers' Union is slamming the Government's latest foray into corporate welfare, following the announcement that Budget 2025 will include an extra $100 million Government funding for the Elevate NZ Venture Fund.
Taxpayers' Union Spokesman James Ross said:
'When will this Government learn the way to grow the economy isn't just to tax more, spend more, and try to pick winners?'
'Corporate welfare might make for a good photo op, but $100 million of taxpayers' cash is a steep price for a splash in the papers.'
'With Nicola Willis still borrowing more than $47 million every single day, this is nothing more than high-risk, high stakes gambling on the credit card.'
'If the Government wants real growth, handouts aren't the answer. Scrap the disincentives to investment and bring in Full Capital Expensing.'
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