Covid kitty: we'll borrow more if we have to, Robertson says

Covid kitty: we'll borrow more if we have to, Robertson says
The wage subsidy is live once again and will help shuttered businesses pay their staff. (Source: Getty)
Andy Fyers
Finance minister Grant Robertson says there is plenty of covid relief funding available to cover wage subsidies in the current lockdown and the government would simply borrow more to cover a longer lockdown if it had to.“We have got more than enough money set aside to deal with the current lockdown,” he told BusinessDesk. The most up-to-date estimate has $4.7 billion left in the covid relief funding announced last year, which in total came to $62.5b of government support for businesses, wage and salary earners and a host of gov...

More Economy

The labour market is doing what the RBNZ wants
Economy

The labour market is doing what the RBNZ wants

BNZ expects unemployment to tick up to 4.3%. 

The industrial policy debate never seems to go away
Economy

Dileepa Fonseka: The industrial policy debate never seems to go away

Industrial policy is getting a second hearing around the world, including in NZ.

Dileepa Fonseka 22 Apr 2024
How to discourage wealth
Economy

Simon Robertson: How to discourage wealth

Let NZers invest $1 offshore without making the starting point 95c every year.

Simon Robertson 20 Apr 2024
Fast-track ‘stakeholders’ list released
Economy

Fast-track ‘stakeholders’ list released

Major corporates including Carter Group and Fonterra are on the list.

Victoria Young 19 Apr 2024