Coronavirus

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

Andy Fyers
Wed, 18 Aug 2021

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
Wed, 18 Aug 2021
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...

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