Beehive bulletin briefs us on how Govt is backing businesses but is a bit barren on the borrowing

Latest from the Beehive

Finance Minister Grant Robertson hadn’t finished, when he brandished a bundle of Budget documents to assure us they highlight his Government’s strong focus on keeping the balance between responding to COVID-19 and careful economic management.

After Point of Order had posted an item which recorded this assurance yesterday, he doubled up on his good news with a statement (along with two other Ministers) to say the Government’s support for businesses and jobs continues to roll out at pace:  payments of the new wage subsidy already have been made to nearly 50,000 business bank accounts.

Robertson doubled up on a figure we consider somewhat dubious, too:

Finance Minister Grant Robertson said the Government is standing beside businesses and households to cushion the blow of the 1-in-100 year shock caused by the global COVID-19 pandemic.

How has that been calculated?

Putting that aside, let the record show Robertson’s eagerness to tell us (along with Social Development Minister Carmel Sepuloni and Revenue and Small Business Minister Stuart Nash): Continue reading “Beehive bulletin briefs us on how Govt is backing businesses but is a bit barren on the borrowing”