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Why does the government own $571 billion in assets?

Wellington (Tuesday, 25 February 2025) - A new report by The New Zealand Initiative shows the government owns $571 billion in assets - equivalent to $275,000 for every Kiwi household. "The returns from these government-owned assets don't even cover the interest costs on the money borrowed to buy them," says Dr Bryce Wilkinson, author of The People's Portfolio: A $571 Billion Question. Read more

Dr Bryce Wilkinson ONZM
Media release
25 February, 2025
Ryan Bridge

Newstalk ZB: Ryan Bridge on The Initiative's report on government bloat

Ryan Bridge on Newstalk ZB highlights the New Zealand Initiative's report on government bureaucracy, which reveals that Aotearoa has 44 per cent more ministers, nearly triple the portfolios, and one and a half times more departments compared to similar nations. Bridge uses Ireland as a key comparison, emphasising how they manage with just 15 ministers and 18 departments, while questioning why New Zealand needs 78 portfolios and 40 agencies to function effectively. Read more

Ryan Bridge
Newstalk ZB
18 February, 2025

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