Treasury comes in below budget for running government asset sales programme

Fri, 20 Jun 2014

By Tina Morrison June 20 (BusinessDesk) - The Treasury came in below budget for its costs in running the government's asset sales programme. The Treasury spent $85.5 million, or 1.83 percent of the $4.67 billion in total proceeds from the share offer programme, Finance Minister Bill English and State Owned Enterprises Minister Tony Ryall said in a joint statement. That was below the 2 percent estimate made at the start of the programme, which excluded costs to the companies and incentives to New Zealand retail investors. Of the costs,...

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