ICYMI: New Zealand Treasury has.........>

NEW ZEALAND: ICYMI: New Zealand Treasury has published the details of a

NZ$12.1bn fiscal stimulus package unveiled today by FinMin Robertson. The plan

amounts to 4% of NZ GDP and is the first phase of the gov't's response. Per NZ

Tsy's website (http://tiny.cc/NZPackage), the package includes:

- Initial $500 million boost for health

- $5.1 billion in wage subsidies for affected businesses in all sectors and

regions, available from today

- $126 million in COVID-19 leave and self-isolation support

- $2.8 billion income support package for our most vulnerable, including a

permanent $25 per week benefit increase and a doubling of the Winter Energy

Payment for 2020

- $100 million redeployment package

- $2.8 billion in business tax changes to free up cashflow, including a

provisional tax threshold lift, the reinstatement of building depreciation and

writing off interest on the late payment of tax

- $600 million initial aviation support package