Grant Robertson: ‘A powerful public well being response remains to be the very best financial response’

2021-08-24 07:34:39

Finance Minister Grant Robertson says a robust public well being response remains to be the very best financial response.

Watch Robertson talking about it right here:

On help, Robertson says there’s a variety accessible:

  • The Go away Help Scheme, accessible for employers together with the self-employed to assist pay workers who must self-isolate and can’t work at home. It pays a lump sum of $600 per week for full-time and $359 per week for part-time employees for as much as two weeks.
  • The brief time period absence cost: For companies together with the self-employed to pay for employees who can’t work at home whereas they await a Covid-19 check. Pays the identical because the Go away Help Scheme.
  • The Resurgence Help Fee presents any enterprise or organisation which has skilled a 30 % discount in income or capital-raising means over seven days attributable to alert ranges. It pays $1500 per enterprise plus $400 per worker as much as a most of $21,500. Robertson says about 26,000 purposes have been made since they opened this morning.
  • The Wage Subsidy Scheme, which has had 127,935 purposes totalling over $484m already paid out to companies for the reason that scheme opened on Friday.

Robertson says the overwhelming majority of candidates to the wage subsidy are sole merchants or small companies. He says over 72 % have 19 or fewer workers.

“A powerful public well being response remains to be the very best financial response,” he says.

“The economic system general has been performing extra strongly than when Covid reached our shores.”

Robertson says the employees on the MIQ amenities have been those that have helped shield New Zealand and it’s a lot appreciated by all New Zealanders.

He additionally says there’s about $5 billion left within the Covid-19 Response and Restoration Fund, and on high of that there’s extra that has not but been spent, together with about $2.1bn that was not used within the small enterprise cashflow scheme and one other $1bn in different help schemes.

He says the $5bn is merely the quantity already put aside for resurgence.

There’s sufficient funding there to final the nation for a while, he says, and the federal government has a very good fiscal headroom which permits it to maintain funding the issues that want it.

Robertson says nothing in regards to the lockdown adjustments employment legislation, and whereas the wage subsidy is there to help those that can’t be working, folks must be paid for the hours that they are working.

Earlier, Robertson informed RNZ there was sufficient cash left within the Covid-19 Restoration Fund to deal with a full month of lockdown earlier than extra borrowing could also be wanted.

The information comes as purposes reopened this morning for Resurgence Help Funds for companies – a cost of $1500 per enterprise plus $400 per worker, as much as $21,500 – providing one other line of non-wage-related monetary support alongside the wage subsidy and the Small Enterprise Cashflow Mortgage Scheme.

Whereas the federal government would rethink its monetary settings if the lockdown continues for a big size of time, Robertson signalled additional sector-specific help like had been seen with the tourism business was unlikely at this level.

In the meantime on vaccinations, Robertson says yesterday was the very best day to this point, with 63,333 vaccinations given.

“I genuinely need to thank all New Zealanders who’re a part of the vaccination programme.”

He says it is an vital step ahead.

On case numbers, Director-Basic of Well being Dr Ashley Bloomfield says there are 41 new neighborhood instances, bringing the full for the outbreak to 148.

Of these new instances, 38 are in Auckland and three are in Wellington.

Learn extra about right now’s Covid-19 case numbers right here

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