Govt stumps up more than $3b to save tourism’s backbone - Davis

Thu, 04 Jun 2020

The government has spent more than $3 billion supporting the tourism industry, but won't fund every business at pre-pandemic levels until the borders reopen, says Tourism Minister Kelvin Davis.Parliament's economic development, science and innovation select committee was today told about $1.75 billion of the $10.7 billion spent on the government wage subsidy has been taken up by tourism related businesses. When the $900 million loan to Air New Zealand, $600 million aviation sector package, and $400 million tourism recovery fund are...

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