Govt pumps another $7b into covid relief fund

The finance minister is upbeat about NZ's economic prospects. (Image: Getty)

Thu, 16 Sep 2021

New Zealand’s strong economic momentum will support the rebound out of delta and that – coupled with a strong fiscal position – paved the way for the government to top up the covid-19 response and recovery fund with another $7 billion.The economy expanded 2.8% in the June quarter compared to the prior quarter and on an annual basis it grew 5.1%. It well and truly outstripped economists’ forecast of 1.1% to 1.7%.“The stronger economy has been reflected in the government’s books, with lower deficits and d...

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