The budget has given New Zealand an opportunity it can’t afford to squander | Brad Olsen
By taking out a mortgage against the economy, the government is investing in jobs and our economic recovery
With the economic storm of the Covid-19 pandemic raging on, the government has opened the umbrella to shield New Zealand from an even worse economic fate and set the foundation for its recovery. Although the finance minister, Grant Robertson, has accepted that the government can’t save every job, Thursday’s announcements show he is doing everything he can to save as many as possible.
Overall, New Zealand’s 2020 budget was one of the most comprehensive economic packages seen around the world, walking the fine line between responding to the crisis and keeping up economic momentum, while setting down the conditions for recovery and rebuilding.