INDEPENDENT NEWS

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.

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