From RNZ · RNZ | Te Reo Irirangi o Aotearoa · · 1m
Labour rejects Willis' Investment Boost claim
Labour admits $90m error but denies $2.2b gap in Investment Boost policy.
In brief
Labour admits $90m error but denies $2.2b gap in Investment Boost policy. Labour admits a $90m error in its fiscal plan but denies a $2.2 billion gap in National's Investment Boost policy calculations. Originally reported by RNZ.
Labour rejects Willis' claim
Labour says National's Nicola Willis is wrong about Investment Boost policy calculations.
Small $90m error
Labour admits a $90 million error in its fiscal plan due to misclassified costs and savings.
Fiscal plan correction
Labour confirms unallocated funding drops from $10.48b to $10.39b after correction.
Willis claims $2.2b gap
National's Finance spokesperson says Labour's policy costs $5.5b over forecast, leaving $2.2b gap.
Edmonds explains policy cost
Barbara Edmonds says policy cost is net figure after accounting for reduced depreciation deductions.
“Nicola Willis is wrong. The cost of keeping the policy is a net figure, after accounting for reduced depreciation deductions on existing assets”
Willis calls explanation 'gobbledegook'
Willis says Labour's costings stack up and Edmonds' explanation is 'gobbledegook'.
Treasury refuses independent review
Treasury declines to cost or comment on Labour's policy proposals per election guidelines.
Here's the gist
Labour admits a $90m error in its fiscal plan but denies a $2.2 billion gap in National's Investment Boost policy calculations.
