Focus On Jobs And Infrastructure Good For Economy

Published: Thu 14 May 2020 02:50 PM
BusinessNZ has welcomed the focus on jobs in today’s Budget.
BusinessNZ Chief Executive Kirk Hope said the $3.2 billion extension to the Wage Subsidy Scheme announced today, for a further 8 weeks, was an appropriate use of Budget funding.
"Supporting the wages of employees has been a successful strategy in the Government’s Covid response so far, and it is good to see this strategy continue.
"Expanding the subsidy to include R start-ups - pre-revenue R start-up firms that are recognised by Callaghan Innovation - is also a smart way of boosting new and innovative firms that will aid New Zealand’s growth in the medium term.
"Major funding of $3 billion for infrastructure, in addition to existing Provincial Growth Fund infrastructure investments, is also well-placed. Business looks forward to recommendations from the Infrastructure Industry Reference Group on investments in different regions across the country."
Kirk Hope said investing in workers and infrastructure was a sound approach to supporting economic recovery.

Next in Business, Science, and Tech

Do Shareholders Realise Marsden Point Conversion Could Cost More Than Half A Billion Dollars?
By: First Union
Massive Rebound In Civil Construction Business Confidence
By: Civil Contractors NZ and Teletrac Navman
Feeling Our Way Towards Hydrogen - Tina Schirr
By: Business NZ
ASB’s New Support Finder Tool Helps Connect Customers With Thousands In Government Support
New Home Consents Continue To Break Records
By: Statistics New Zealand
June Home Transfers Remain High
By: Statistics New Zealand
View as: DESKTOP | MOBILE © Scoop Media