$500 million boost for health
$8.7 billion in support for businesses and jobs
$2.8 billion for income support and boosting consumer spending
Finance Minister Grant Robertson today outlined a $12.1 billion package to support New Zealanders and their jobs from the global impact of COVID-19.
“This package is one of the largest in the world on a per capita basis. It represents 4.0% of GDP and is more than the total of all three Budgets’ new operating spending in this term of Government put together.
“The global economic impact of COVID-19 on New Zealand’s economy is going to be significant, so we are acting now to soften that impact.
“Our first priority is the health and wellbeing of our people. The global spread of the virus has also disrupted economies across the world costing the jobs and livelihoods of countless families.
“We don’t yet know what the full impact on New Zealand’s economy will be, however we do know it will cost us jobs and have a significant impact on business. We are moving quickly to help people stay in work and reduce the blow for business,” Grant Robertson says.
More info ->>