Only $20 milllion in year one

As I predicted the Government is using a capitalised fund to try and talk big figures like $2 billion of research spending. But John Key and Bill English have been calling for the actual details of projected capital flows, and spending.

NZPA this morning quote Jim Anderton:

He acknowledged that due to its gradual buildup the fund might only spend $20m in its first year, matched by $20m from industry.

Wow that is so less sexy than $2 billion. Hell it is 2% of it.

The Government should release the full capital and operating budgets for each of the 15 years it says it will exist for, rather than hide behind press releases.