NZ's "rebuilding together" Budget focuses on jobs, training, and infrastructure

Commentary and analysis by Chartered Accountants Australia and New Zealand experts on the New Zealand Budget 2020.

In brief

  • The Coalition Government is billing its 2020 Budget as "rebuilding together"
  • It is establishing a $50 billion Covid-19 Response and Recovery Fund
  • $3.2 billion set aside for targeted extension to the Wage Subsidy Scheme

Updated 14 May 2020

The core of Budget 2020 will boost critical public services, fund infrastructure and provide the unprecedented investment needed for the second and third stages of our plan to face COVID-19, says Finance Minister Grant Robertson.

Budget 2020 aims to sustain households and businesses, with targeted support to help boost wider economic confidence, and regenerate the sectors hardest hit by the pandemic.

The Government predicts that economic growth could resume as early as the 2021/2022 financial year.

Budget 2020: Our scorecard

Peter Vial FCA, New Zealand Country Head of Chartered Accountants Australia and New Zealand identified 13 policy responses CA ANZ wanted to see in this year’s Budget.

Read moreAbout Budget 2020: Our scorecard

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