FeaturedPolitics

New Zealand’s Jacinda Ardern says budget to focus on creating jobs, stimulating economy

1 Mins read

New Zealand’s Prime Minister Jacinda Ardern said on Wednesday that the annual budget will invest to create more jobs and get the economy going, but warned the country was about to enter a “very tough winter”.

The government is seen unleashing billions of dollars of stimulus at its annual budget on Thursday to cushion the economic blow from the coronavirus pandemic.

“New Zealand is about to enter a very tough winter,” Ardern said in her pre-budget speech.

Ardern said budget 2020 will look to accelerate employment, empower businesses, and stimulate the economy.

“Projections suggest our economic shock could be sharp, but hopefully short,” Ardern said.

But debt is under 20% of GDP and unemployment around 4%, and the government’s ability to borrow at very low interest rates places it in a strong position to cushion the economic fallout from the coronavirus, she said.

The coronavirus has infected 1,497 people in New Zealand and killed 21. Globally more than 4 million cases have been reported while over 289,000 people have died, a Reuters tally shows.

About author
Editorial Team at NewsEnquire. Email us on: ne.desk@newsenquire.com
Articles
Related posts
Politics

Chief Minister Vijay Rupani has announced a Rs 14,000 crore "Self-Reliant Gujarat" relief package

Chief Minister Vijay Rupani has announced a Rs 14,000 crore “Self-Reliant Gujarat” relief package. In which electricity bill up to 100 units…
BusinessFeatured

Quess Corp acquires additional 25% stake in Terrier Security Services

Quess Corp: The company has completed the additional acquisition of 25 percent equity shares in Terrier Security Services (India) Private Limited. Quess Corp…
Politics

West Bengal CM Mamata Banerjee: Give Rs.10000 each to migrant workers amid a pandemic

West Bengal Chief Minister Mamata Banerjee today appealed to the Centre to give one-time assistance of ₹10,000 each to migrant workers amid…

Leave a Reply

Your email address will not be published. Required fields are marked *