We need to reduce the level of debt New Zealand owes to foreign lenders.  That’s one of the reasons for mixed ownership to four state-owned energy companies and Air New Zealand.

New Zealand will keep a majority share in each company – at least 51% – and New Zealand investors will be at the front of the queue for shares.

Mixed ownership will free up $5 billion to $7 billion, which we can use to buy new assets like schools, without having to borrow more from offshore lenders.

This is a smart policy that will strengthen New Zealand’s economy and help get us out of debt faster.

We don’t want to end up in the same situation as many European countries.  Getting out of debt faster will help us build a stronger economy with more jobs, higher incomes, and the high-quality public services that you and your family need.