Stuff has a report on the funding shortfall for Transit NZ, resulting in them being unable to met their targets over the next 10 years. The government has rejected the revised funding plan, and is looking at other mechanisms to raise the money.
Trevor Mallard has stated: "No options, including further borrowing, have been ruled out,".
It is perfectly reasonable to borrow money for capital expenditure - that way the cost of the asset may be spread over its lifetime, so today's taxpayers are not paying the complete cost of assets that will be use by taxpayers over the next 50 years. It is perfectly normal business practice.
However, during the last election campaign, the government was accusing National of bad economics, because they stated that they may borrow for capital expenditure. Talk about double standards.seriales crack autocad 2005
Trevor Mallard has stated: "No options, including further borrowing, have been ruled out,".
It is perfectly reasonable to borrow money for capital expenditure - that way the cost of the asset may be spread over its lifetime, so today's taxpayers are not paying the complete cost of assets that will be use by taxpayers over the next 50 years. It is perfectly normal business practice.
However, during the last election campaign, the government was accusing National of bad economics, because they stated that they may borrow for capital expenditure. Talk about double standards.seriales crack autocad 2005
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