Hon Grant Robertson

The Government will today keep its election promise to put in place a new top tax rate of 39 per cent on income earned over $180,000.

To assist with the ongoing economic recovery from COVID-19, rules allowing affected businesses to put their debt on hold have been extended by 10 months.

New Zealand’s stronger-than-expected economic performance has flowed through to housing demand, so the Government will review housing settings to improve access to the market, the Finance Minister Grant Robertson announced today.

The better-than-expected Crown accounts released today show the Government’s careful management of the COVID-19 health crisis was the right approach to support the economy.

The Government’s books were stronger than expected as the economy continues to recover post COVID lockdown, the Finance Minister Grant Robertson says.