Are Billions at Risk? Government water buybacks fail economic test
The National Irrigators’ Council (NIC) has warned the Federal Government’s continued pursuit of additional water buybacks under the Murray-Darling Basin Plan risks becoming one of Australia’s most expensive environmental program without demonstrating that it delivers
value to the Australian economy.
A new NIC review has found the Government’s 450 GL additional environmental water program has moved well beyond its original budget and
purpose, with taxpayers facing a potential multi-billion-dollar bill despite growing evidence that further water purchases are delivering
diminishing environmental returns.
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