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

Business confidence nixes July RBNZ cut
Economy

Business confidence nixes July RBNZ cut

Economists say July is a pause, not the end point.

Rebecca Howard 02 Jul 2025
Monthly CPI tech takes Stats NZ into the future
Economy

Monthly CPI tech takes Stats NZ into the future

Budget funding for new inflation-reporting tech is a giant leap forward, agency says.

Maria Slade 27 Jun 2025
Corporates think NZ 's on the up: Forsyth Barr
Primary Sector

Corporates think NZ 's on the up: Forsyth Barr

The Pulse of NZ Business survey found construction and retail continue to lag.

Gregor Thompson 25 Jun 2025