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Budget outlines borrowing and spending in response to Covid-19

Grant Robertson says the government still has $20 billion to spend.

Brent Edwards Thu, 14 May 2020

The numbers make grim reading.

In the Budget the Treasury is forecasting unemployment to rise to 8.3% in the three months to the end of June as annual economic activity falls by 4.6%. But, worse, it will peak at 9.8% in the September quarter. Core Crown spending blows out to 38.7% of GDP this

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Contact the Writer: brent@nbr.co.nz
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Budget outlines borrowing and spending in response to Covid-19
Politics,
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