You are here

New Zealand raids 'rainy day' fund for stimulus package to ease pandemic shock

Wellington

NEW Zealand unveiled a NZ$12.1 billion (S$10.3 billion) stimulus package on Tuesday as Prime Minister Jacinda Ardern raided the nation's "rainy day" fund to soften the economic hit from the novel coronavirus pandemic.

Finance Minister Grant Robertson conceded that "...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes