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KiwiRail is unlikely to ever turn a profit on its own so the government will continue to subsidise it, the Prime Minister says.
A private member's bill aimed at making it difficult for any future sell-off of government-owned Kiwibank has narrowly passed its first reading in Parliament. The bill passed 61-60 despite the...
The government has been accused of spending asset sale proceeds on pet projects rather than schools and hospitals as promised.
The state-owned rail operator has posted an annual loss but its performance is well up on the previous year. Audio
The Finance Minister has told Parliament any government agency or state-owned-enterprise with surplus assets should sell them off. Audio
The Finance Minister says KiwiRail, New Zealand Post and the country's public broadcasters will remain in state ownership despite him questioning their future.