* Kāinga Ora annual operating expenditure has grown from $1.5 billion in 2019/20 to $2.5 billion in 2022/23
* Deficits forecast to grow from $520 million to $700 million
* Debt expected to grow from $12.8 billion to $23 billion. by 2028
* Cash deficit of $21.4 billion forecast over next four years, or $4,000 per NZer
* Redevelopment costs $35,000 more per home than private developers
* Rent arrears have increased from $1 million in 2017 to $21 million
Simon Moutter has a big job ahead of him!
David Farrar runs Curia Market Research, a specialist opinion polling and research agency, and the popular Kiwiblog where this article was sourced. He previously worked in the Parliament for eight years, serving two National Party Prime Ministers and three Opposition Leaders.
1 comment:
The first question to be answered is:
Has the previous Kaianga Ora Board singularly and collectively been acting wrecklessly , therefore unlawfully with assosciated misconduct in office issues?
If so; Then the board members and NOT the taxpayer are responsible for the debt .
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