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Budget 2020

Comprehensive and well-informed coverage of Finance Minister Grant Robertson's covid-19 Budget, delivered Thursday, May 14.

Govt's new small business loan scheme lends nearly $1b
Jenny Ruth | Wed, 27 May 2020

The government's small business loan scheme that bypasses banks in favour of the Inland Revenue Department processing applications is proving far more successful than the earlier business finance guarantee scheme. Revenue and Small Business Minister Stuart Nash said the IRD ha...

BUDGET 2020: $60b bond programme needs private sector to step up
Rebecca Howard | Mon, 18 May 2020

Finance Minister Grant Robertson's plan to borrow $60 billion in the 2021 fiscal year needs private investors to come to the party if it's going to be able to fund its huge covid-19 response.    The government's debt programme has been supported by the Reserve Bank's quantitat...

BUDGET 2020: A $280m lifeline for NZ Post
Brent Melville | Thu, 14 May 2020

Two cheques are in the mail for New Zealand Post, allocated $130 million from the Budget to help it deliver a viable postal service and a $150 million cash injection from government's Covid Response and Recovery Fund. The funding will allow the state-owned entity to maintain s...

BUDGET 2020: Govt boosts funding for market watchdogs
Paul McBeth | Thu, 14 May 2020

The Commerce Commission, Financial Markets Authority and Serious Fraud Office were among agencies to get a funding boost in today’s budget, addressing not only existing cost pressures but also expanded missions. The commission will get $30.4 million over four years, which Comm...

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