Is it time for more asset sales?
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Description
Should asset sales be a topic up for discussion? We’re carrying higher debt than in the past, while our creaking infrastructure ensures there’d be no shortage of uses for the funds raised. Demand from investors wouldn’t be a problem, as our small sharemarket has limited options to satisfy the steady stream of KiwiSaver money that rolls in each month. The mixed ownership model has been a huge success in New Zealand, providing the best of both worlds to the taxpayer. It’s fostered stronger businesses and broadened the range of options available to local investors, helping keep more of our investment capital within our shores. Forward-thinking politicians would be wise to shelve any misconceptions and embrace these opportunities.
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