Provincial Growth Fund troughers will be delighted to learn they are back in business (or some of them are).
They may not be so chuffed to learn that troughing has become commonplace and many more Kiwis are dipping into public funds through an array of programmes set up to revive an economy ravaged by Covid-19 and the government’s response to it.
The bigger the number of troughers, the smaller the serving for each of them, although this consideration perhaps is overcome by the printing of money, quantitative easing, and what-have-you.
Regional Economic Development Minister Shane Jones brought news of the resumption this week of Provincial Growth Fund projects around the country that were halted during Alert Level 4.
At Alert Level 3, more than 60 projects representing $439.8 million worth of investment are expected to get going again.
While we were digesting this news, Jones – in tandem with Kris Faafoi, Minister of Communications and Digital Media – threw out another announcement. Continue reading “PGF projects – and $439.8 million worth of investment – are up and going again under Alert Level Three”