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Minister of Finance Grant Robertson has clarified that the changes to the wage subsidy scheme announced yesterday mean that employers should be passing on the full subsidy to workers, except in the case where the person’s normal income is less than the level of the subsidy.

The Government has made modifications to the wage subsidy scheme to ensure people don’t lose their jobs during the national lockdown.

As New Zealand unites to lock-down in the fight against COVID-19, the Finance Minister is urging all businesses and workers to stay connected over the next four weeks.

The Government, retail banks and the Reserve Bank are today announcing a major financial support package for home owners and businesses affected by the economic impacts of COVID-19.

The Government is announcing significant further support for the economy, workers and businesses as the country unites to prepare for Alert Level 4 in the fight against COVID-19.

The Government is backing the Reserve Bank’s latest action to support the economy by reducing longer-term interest rates, meaning lower costs for businesses and mortgage holders, and a lower currency to help our exporters.

The Coalition Government has stepped in to protect Air New Zealand with a significant financial deal that protects essential routes and allows the company to keep operating.

Today, we face a challenge that requires us to harness every bit of that spirit and give our total commitment to protecting the health and wellbeing of New Zealanders.

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.

Finance Minister Grant Robertson says the Reserve Bank’s independent decisions announced this morning are a welcome support for the economy, with reports already that banks are looking to pass the OCR cut on to customers.

Grant Robertson will be in Australia tomorrow for a scheduled visit to Canberra where he will meet with Australian political and business leaders.

Thank you to the Wellington Chamber for hosting us here this morning.

Cabinet today approved the development of a Business Continuity Package to help support the economy through the disruption caused by COVID-19.

This week the Government will roll out the next steps of its plans to support businesses and workers as part of New Zealand’s ongoing response to COVID-19.

The Government’s new $300 million venture capital fund - announced in last year’s Budget – is now open for business as the Elevate NZ Venture Fund. 

Minister for State Owned Enterprises Rt Hon Winston Peters and Minister of Finance Hon Grant Robertson, have announced the appointment of Mark Binns as Chair of the Crown Infrastructure Partners Limited (CIP).

New Zealanders’ savings in KiwiSaver default funds will soon exclude investment in fossil fuels, the Ministers of Finance and Commerce and Consumer Affairs announced today.

The Crown accounts are in a strong position to weather any economic uncertainty as a result of coronavirus, with the books in surplus and expenses close to forecast, Finance Minister Grant Robertson says.

The topic of this speech is the Budget 2020 priorities. But, given the considerable interest that I imagine is in the room about COVID-19 coronavirus, I do want to make some comments about that first.

Kia ora. Ngā mihi nui ki a koutou katoa. Nau mai haere mai ki te Whare Pāremata.

New Zealanders are increasingly better off under this Government as wages rise and families have more disposable income, Finance Minister Grant Robertson says.

“Is that it?”

That’s Finance Minister Grant Robertson’s response to Simon Bridges’ much-hyped economic speech today.

Owner-occupiers of unit and apartments living in earthquake-prone buildings will have certainty about the financial support they’ll be eligible for with the release of criteria for an upcoming assistance scheme, Minister for Building and Construction Jenny Salesa says.

Budget 2020 will be delivered on Thursday 14 May, Finance Minister Grant Robertson announced today.