Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Jobs budget to get economy moving again

Jobs budget to get economy moving again

• $50 billion COVID-19 Response and Recovery Fund to invest in the economy and jobs
• Economy forecast to grow in 2021
• Return to 4.2 percent unemployment by 2022
• Budget focus on jobs, infrastructure, training and environment

Investments to both save and create jobs in Budget 2020 mean unemployment can be back to pre COVID-19 levels within two years and could see the economy growing again as early as next year.

The centrepiece of Budget 2020, Rebuilding Together, is the establishment of a $50 billion COVID-19 Response and Recovery Fund which will target stimulus investment at protecting existing jobs, creating new ones and provide support for workers to retrain and for business to survive as well as targeting support to those sectors most affected by the virus.

“The Government’s decision to go hard and early to defeat the virus means we are now in a strong position to quickly get our economy moving again,” Prime Minister Jacinda Ardern said.

“We will bring the same determination and focus to jobs and the economic rebuild as we brought to our health response.

“No country will be immune to the global downturn the virus has caused, but we are hopeful our sharp and short lockdown means we are now in a stronger position to rebuild.

“The COVID-19 Response and Recovery Fund will deliver major investments in jobs such as making certain trades training and apprenticeships free, the delivery of 8,000 new public houses and extending the food in schools programme to up to 200,000 children creating jobs up and down the country.

“Treasury budget forecasts suggest our package of jobs stimulus measures could see as many as 138,000 jobs saved in the current economic quarter alone and employment rise by 234,000 jobs over the next two years.

“As a country we saved for a rainy day for exactly this reason. We can now use the strength of the Government’s economic position to carry the load in the short term while businesses and households get back on their feet.

“We united as a team of five million to stop the virus and we will now work together to collectively save jobs,” Jacinda Ardern said.

“New Zealanders have made incredible sacrifices and suffered incredible loss in our collective battle against COVID-19. It is vital that Budget 2020 builds on restoring independence in every sense, to every day New Zealanders by creating jobs for those who have had them stripped away by this viral invasion,” Deputy Prime Minister Winston Peters said.

This means record investment in infrastructure, health care, education, and the regions.

The coalition government is using every tool it has to meet the immediate needs of New Zealanders post-lockdown, while balancing the long-term goal of a vibrant future economy.

By thinking outside the bubble we will supercharge our economy in ways we have never seen before and prove that in times of crisis, as we have time and time again, that New Zealand can be relied on to lead,” Winston Peters said.

“This Budget will support the people most affected by the global downturn,” Green Party Co-leader James Shaw said.

“It will help keep people in work, create new jobs and provide potentially life-changing learning and training opportunities for thousands – all whilst restoring our precious natural environment and providing affordable places for people to live.

“One of the best ways to create good quality, well-paid jobs quickly is by investing in nature. The $1.1 billion we are providing for nature-based jobs as part the COVID-19 Response and Recovery will not only help restore our natural landscapes, native bush, waterways and coast, it will give thousands of people access to well-paid work so they can continue to provide for their families.

“This Budget embodies values of inclusivity and fairness to provide a blueprint for rebuilding the economy. Most of all it will help the families and businesses impacted by the steps we all had to take to keep each other safe and well.”

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Politics Of Using The Word “Fascist”

“Fascist” is one of those labels with the ability to capsize any debate. Call your opponents “fascists” – or “agitators” or “terrorists” or “scum” and you’ve taken the option of mutual respect and compromise off the table. Interesting then to see the ( paywalled) Washington Post seriously debating with itself yesterday over whether… Hmm, is it now finally time to bring out the f-word in connection with the presidency of Donald J. Trump, and with his enablers in the Republican Party..? More>>

 


RNZ: Covid-19 rules and restrictions on businesses to be lifted under alert level 1


Prime Minister Jacinda Ardern says there will still be strict controls on the border, but all current rules and restrictions on businesses and services will be "essentially lifted" under alert level 1.
She said the lower alert level would also put an end to restrictions for hospitality businesses, and gatherings - including funerals and tangihanga - of any size could take place..... More>>

ALSO:

Gordon Campbell: On The Twitter Wars, And The Muller Muddles

Whatever the failings of our own politicians, spare a kind thought for the majority of Americans who did not vote for Donald Trump. Sure, it was depressing this week to watch Todd Muller clinging for dear life to his talking points on Q&A, ... More>>

ALSO:

Green Party: Statement On The Death Of George Floyd

“Today and every day we stand in solidarity with George Floyd’s family, friends and community who feel pain and fear about his untimely death at the hands of Minneapolis police”, said Green Party Co-leader and Māori Development spokesperson Marama ... More>>

ALSO:


Government: Freshwater Package Backed By Comprehensive Economic Analysis

Decisions on the Action for Healthy Waterways package are supported by comprehensive environmental and economic impact analysis by leading New Zealand research institutes, universities, and private sector firms. More>>

ALSO:

National: "Todd Muller Announces Shape Of Next Government"

National Party Leader Todd Muller has announced the line-up of the next Government. “New Zealand is facing perhaps the toughest time that almost anyone alive can remember. “We are borrowing tens of billions of dollars to get us through this crisis. There ... More>>

ALSO:

Gordon Campbell: On National’s Day Of Reckoning

Congratulations. You are one of the 55 members of the National caucus being called together tomorrow to choose who will lead you to either (a) catastrophic or (b) honourable defeat on September 19, thereby saving some (but not all) of the jobs currently on the line. Good luck. Your decision process starts NOW... More>>

ALSO:


Budget 2020: Jobs Budget To Get Economy Moving Again

Investments to both save and create jobs in Budget 2020 mean unemployment can be back to pre COVID-19 levels within two years and could see the economy growing again as early as next year. More>>

ALSO:

Government: Five New Super Hercules To Join Air Force Fleet

The Coalition Government has confirmed five Lockheed Martin C-130J-30 Super Hercules transport aircraft will be purchased to replace the existing fleet, Defence Minister Ron Mark announced today. More>>

ALSO:

Government: Queen's Birthday Honours List 2020

The New Zealand Order of Merit The Queen has been pleased, on the occasion of the celebration of Her Majesty's Birthday, to make the following appointments to The New Zealand Order of Merit: DNZM To be Dames Companion of the said Order: Distinguished ... More>>

Government: Support For Arts And Music Sector Recovery

A jobseekers programme for the creative sector and four new funds have been set up by the Government to help our arts and music industry recover from the blow of COVID-19. Thousands of jobs will be supported through today’s $175 million package ... More>>

ALSO:

Government: New Zealand Joins Global Search For COVID-19 Vaccine

Foreign Affairs Minister Winston Peters, Research, Science and Innovation Minister Megan Woods, and Health Minister David Clark today announced a COVID-19 vaccine strategy, which will enable New Zealand scientists to contribute to global research efforts ... More>>

ALSO:

The Dig: Steady State Economics: We’ve Got Some (systems) Thinking To Do

In this time of impending economic and ecological crises, we urgently need to aim for a sustainable or ‘steady state’ economy. In order to get there, we will need to adopt a ‘systems-thinking’ outlook taking into account the interconnections of our complex world.

In short, we’ve got some systems thinking to do... More>>

ALSO:

Election 2020: Parties Get Into gear

The Green Party is pleased to reveal its candidate list for the upcoming election. With a mix of familiar faces and fresh new talent, this exceptional group of candidates are ready to lead the Greens back into Government. Using the most democratic list ... More>>

ALSO:

Insight Into Regenerative Agriculture In New Zealand

There is a fast growing movement in New Zealand that has been happening out in paddocks, fields, gardens and hill country across the nation. It is a movement that holds the promise to reshape our productive land use industries towards systems that work with the natural environment to regenerate the land. The movement is that of regenerative agriculture. More>>

ALSO:

Covid-19: Tracer App Released To Support Contact Tracing

The Ministry of Health has today formally released the NZ COVID Tracer app to support contact tracing in New Zealand. Kiwis who download the app will create a digital diary of the places they visit by scanning QR codes displayed at the entrances to ... More>>

ALSO:


Govt: Deep Concern At Hong Kong National Security Legislation
Foreign Affairs Minister Winston Peters today reiterated the deep concern of the New Zealand Government following confirmation by China’s National People’s Congress of national security legislation relating to Hong Kong.... More>>

ALSO:


 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 


 

InfoPages News Channels