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