Grant Robertson

Business • Economy
New Zealand’s Finance Minister Announces Plan to Reduce Unemployment Numbers
NZ Finance Minister Grant Robertson in Wellington, New Zealand
NZ Finance Minister Grant Robertson in Wellington, New Zealand Credit: David Tong / CC BY-SA (Creative Commons Attribution ShareAlike 4.0)

Grant Robertson, New Zealand’s finance minister, announced a NZ$50 billion dollar plan to reduce unemployment numbers and save around 140,000 jobs within a two-year period. Robertson called the fund “the most significant financial commitment in modern history”. Of the budget, $3 billion are planned for government’s wage subsidy, $1.6 billion for apprenticeships training and trades, $3 billion for infrastructure including job creation and $400 million for supporting the tourism industry.