The Deputy Prime Minister believes the Government would be better off with the part-privatisation of Interislander ferries. 

A Treasury paper presented to Cabinet by the Minister for Rail, Winston Peters, says the Government can consider private investment to reduce costs. 

David Seymour agrees with the idea and says the Government has been far too relaxed with capital. 

He told Mike Hosking the Government is not a good operator of commercial enterprises, and there's no shortage of evidence for that. 

Seymour says you have to balance the books, and at the moment the Government owns too many underperforming assets.  

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