Covid-19: economic response package
17 March 2020
Source:
New Zealand GovernmentPublication date:
2020Covid-19: economic response package
Extract:
...The $12.1 billion package includes:
- Initial $500 million boost for health
- $5.1 billion in wage subsidies for affected businesses in all sectors and regions, available from today
- $126 million in COVID-19 leave and self-isolation support
- $2.8 billion income support package for our most vulnerable, including a permanent $25 per week benefit increase and a doubling of the Winter Energy Payment for 2020
- $100 million redeployment package
- $2.8 billion in business tax changes to free up cashflow, including a provisional tax threshold lift, the reinstatement of building depreciation and writing off interest on the late payment of tax
- $600 million initial aviation support package
https://www.beehive.govt.nz/release/121-billion-support-new-zealanders-and-business
See also
17 March 2020