The Crown will provide a loan to Hawke’s Bay Airport to ensure it can trade through COVID-19 economic impacts, support the region’s recovery and protect up to 200 jobs.
The Government’s books were better than forecast with a higher GST take as the economy got moving again after lockdown, Finance Minister Grant Robertson says.
The Government will support the Southland economy in the wake of multinational mining company Rio Tinto’s decision to follow through with its long signalled closure of the Tiwai Point aluminium smelter.
A new package of infrastructure investments will help kick-start the post-COVID rebuild by creating more than 20,000 jobs and unlocking more than $5 billion of projects up and down New Zealand.
A new five-year funding agreement for the Reserve Bank will mean it can boost its work to protect New Zealanders’ finances, Finance Minister Grant Robertson says.
The Public Finance (Wellbeing) Amendment Bill passed by Parliament today puts New Zealand in a world-leading position by legislating for Governments to consider peoples’ wellbeing alongside traditional fiscal and economic indicators of success, Finance Minister Grant Robertson says.
Today’s GDP figures show the expected impacts of the decision to go hard and early to protect New Zealand against the global COVID-19 pandemic, which now means the economy has been able to open up faster than most countries around the world, Finance Minister Grant Robertson says.
The Government’s accounts ran stronger than forecast during the Level 4 lockdown, ahead of the economy opening up off the back of New Zealanders’ amazing public health efforts, Finance Minister Grant Robertson says.
The Government is today announcing further support for businesses that continue to be affected by the global COVID-19 pandemic, as the broader economy becomes one of the most open in the world following the success of New Zealand’s public health efforts.
A survey of business that have received the Government’s wage subsidy show it has played a significant role in saving jobs, and freed up cash flow to allow businesses to cover other costs such as rent.
Key New Zealand assets will be better protected from being sold to overseas owners in a way contrary to the national interest, with the passage of the Overseas Investment (Urgent Measures) Bill.
The Government is amending the Overseas Investment Act to protect key New Zealand assets from falling unnecessarily into foreign ownership as the economy recovers from the fallout of the global COVID-19 pandemic.
Budget 2020 delivers the biggest ever increase in funding for District Health Boards, as well as additional funding to deliver approximately 153,000 more surgeries and procedures, radiology scans and specialist appointments to help clear the COVID-19 backlog.
Finance Minister Grant Robertson says the Crown accounts released today show how quickly the Government got money out the door to help New Zealanders as COVID-19 hit the country.
News that nearly 20,000 New Zealanders entered work in the first three months of the year shows the economy’s underlying strength heading into COVID-19, Finance Minister Grant Robertson says.
Support is on the way for businesses facing insolvency due to COVID-19, with the Government introducing a package of measures in Parliament today to further boost New Zealand’s economic recovery.
The Government will provide interest free loans for a year to small businesses impacted by the COVID-19 economic shock to support their immediate cashflow needs and meet fixed costs.