Covid-19 economic package announced

A substantial economic package was announced today to try to address major effects from the Covid-19 virus outbreak and measures. It has been widely commended as a very good attempt at dealing with an unquantifiable problem, with just a few whiners on blogs and social media and one opposition leader who again shows he has no clue how to deal appropriately with serious issue.


COVID-19: Economic Response Package

The $12.1 billion package is worth 4% of GDP, a larger plan than that implemented in response to the Global Financial Crisis and comparatively larger than relief packages announced to date in Australia, the UK and the US. The package is about protecting New Zealander’s health, protecting the vulnerable, protecting livelihoods, and ensuring the quickest recovery possible on all fronts.

“The Government is pulling out all the stops to protect the health of New Zealanders and the health of our economy,” Prime Minister Jacinda Ardern said.

Economic package to fight COVID-19

Supporting New Zealanders and businesses

The Coalition Government has gone hard with our health response, and now is going hard with our financial assistance. Our immediate goal is to support people and businesses as we weather the impact of COVID-19. We must then ready the economy to recover. The Coalition is united in doing everything we can to support New Zealand workers and businesses.

  • $500 million boost for health
  • $8.7 billion in support for businesses and jobs
  • $2.8 billion for income support and boosting consumer spending

$12.1 billion support for New Zealanders and business

Backing our health services

The best protection for our economy is getting the virus under control, which is why we are investing half a billion dollars in frontline health services to fight COVID-19. If we can manage the virus we can mitigate the damage to the economy. We will be investing in more health staff, more virus testing, more medicines, face masks, extra intensive care capacity and equipment at hospitals, and more money for GPs.

  • Dedicated $500 million fund to protect New Zealanders’ health
  • Nearly doubling resources for Public Health Units, specifically to increase capacity for contact tracing
  • $32 million for extra intensive care capacity and equipment at hospitals
  • $50 million in support for GPs and primary care, and $20 million to improve video conferencing and telehealth consultations
  • $20 million for more Healthline capacity

Backing our health services to combat COVID-19

 

Leave a comment

10 Comments

  1. Kitty Catkin

     /  17th March 2020

    Where is this money coming from ?

    Reply
    • Patzcuaro

       /  17th March 2020

      It depends, do you want a depression or a recession, neither are particularly pleasant but one last longer than the other.

      Reply
  2. Zedd

     /  17th March 2020

    maybe Natl should start talking TAX-cuts for the wealthy… AGAIN ? :/

    Reply
    • Zedd

       /  17th March 2020

      seems to be their ‘solution’ for everything !
      >except trickle down economics is SO 20th century.. its time to get with the times

      Reply
    • Corky

       /  17th March 2020

      Go easy on National..Labour has a long way to go yet. Learn for Kitty’s and Duker’s premature comments on the Coronavirus without having the facts, or the ability to extrapolate. Call out if you want the link.

      Reply
      • Duker

         /  17th March 2020

        What comments?

        Reply
          • Duker

             /  18th March 2020

            You mean this one from me
            ‘No suggestion the death rate is any greater than a normal flu season. China has 1.4 bill people , Wuhan has 12 mill.
            Its just another media beatup for readers and viewers, unless that death rate rises , thats why WHO hasnt classed it as an emergency’
            based on data at the time which had a qualification

            My item about the Diamond Princess at its ‘adjusted’ mortality rate possible range doesnt change my original claim of ‘flu season’, other than making it a ‘bad flu season’.

            meanwhile your colloidal quackery goes nowhere, ignoring the obvious hand washing is the best defence

            Reply
            • Kitty Catkin

               /  18th March 2020

              Corky has said that he bookmarks all my posts. I wonder if he’s doing it to you as well. I suppose that it’s a sort of compliment; it’s better to think that than that it’s a creepy obsession.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s