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New Zealand: Government increases existing wage subsidy scheme by NZ 4 billion

Description

On 23 March 2020, the government of New Zealand increased the budget for an existing wage subsidy scheme by NZ 4 (USD 2.9) billion, making the total NZ 9.3 (USD 5.3) billion. The scheme is available o...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

23 Mar 2020

Revocation date

28 Apr 2020

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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