9 Sep 2012

Asset sale earnings still within Govt plans

8:25 pm on 9 September 2012

The Finance Minister says expected earnings from the partial sale of state-owned assets remain within the Government's plans.

But Bill English has hinted they could be near the bottom of the $5 - $7 billion sales figure because of recent difficulties.

The Government plans to partially sell four state energy companies but delayed the sale of the first one, Mighty River Power, after a challenge by the Maori Council.

Mr English was asked on TVNZ's Q + A programme whether this would affect the sales price.

He says $5 - $7 billion is a pretty wide range of around 40%.

Mr English says some of the issues that have come up since the process started indicate why there would be some uncertainty about the sales figure.

"People can see that there are commercial risks, that we're in a world where there is a bit less certainty than there was four or five years ago."