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The Government is taking further steps to strengthen New Zealand’s financial system through reforms to the Reserve Bank Act to improve the Bank’s governance and accountability, Finance Minister Grant Robertson says.

Almost 300 construction jobs will be created with work getting underway on the restoration and strengthening of the Metropolitan Cathedral of the Sacred Heart in Wellington.

The Government has today announced investments from the Provincial Growth Fund and COVID Response and Recovery Fund towards roading and flood protection projects after flooding events in the Far North.

The remainder of the COVID Response and Recovery Fund is being set aside to make sure New Zealand is in a strong position to fight whatever COVID-19 throws at the economy, Finance Minister Grant Robertson says.

A major Government investment will see construction on a revamped Hood Aerodrome get underway this year, creating jobs and boosting the local economy.

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.

More jobs and more family time with newborns are the centrepiece of a suite of Government initiatives coming into effect today.

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.

The Government today announced a new temporary payment to support New Zealanders who lose their jobs due to the global COVID-19 pandemic to adjust and find new employment or retrain.

Government Ministers are asking significant private enterprises to adopt prompt payment practices in line with the state sector, as a way to improve cashflow for small businesses.

The $50 billion fund being announced today will grow jobs and support New Zealanders and the economy through the effects of COVID-19 and the global recession.

Budget 2020 provides for further assistance for businesses and their staff who have been affected by the 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.