Asset sales on campaign agenda

National made it quite clear it would not sell any state assets in its first term in government.

It didn’t rule out the possibility of asset sales if it was re-elected but said that any plans would be announced prior to the next election.

No policy has been announced yet but Prime Minister John Key has indicated that assets sales, possibly partial rather than full, will be on the campaign agenda:

“I have made it quite clear it’s my expectation that we will kick the tyres of that policy,” Mr Key told reporters.

. . . Mr Key said the country had about $212 billion of assets; “and it’s not necessarily always fully allocated in the right place so there may be some merit in having some flexibility in that balance sheet.”

The pledge to not sell anything in this term was made for political reasons but there are good economic reasons for the sale of some state assets.

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