Covid-19: economic response package


17 March 2020
Source:
New Zealand Government
Publication date:
2020

Covid-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

Beehive press releases

www.covid19.govt.nz

17 March 2020



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