Another Green maths fail

Nick Smith released:

Claims by the Green Party on contaminated sites expenditure expose how poorly they understand economics, Environment Minister Dr Nick Smith says.

“Their claim the Government has underspent on contaminated sites clean-up by $32.6 million involves basic accounting errors that raise serious questions about their economic competence.

“It is a nonsense for the Greens to claim that the transfer of $11.3 million for the Tui mine clean-up from the annual appropriations to a multi-year one is a cut. The funding is identical but a multi-year appropriation recognises a particular project may be spread over a number of financial years.

Maybe we should crowd-fund a Treasury secondee for the Greens so they don’t make such basic errors.