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New Zealand approves Business Continuity Package in response to Wuhan coronavirus

Christian Fernsby |
New Zealand's cabinet today approved the development of a Business Continuity Package to help support the economy through the disruption caused Wuhan coronavirus.

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“New Zealand is well-placed to respond to Wuhan coronavirus. We have been running surpluses and our net debt position at 19.5% of GDP is well below what we inherited, and well below other countries,” Finance Minister Grant Robertson says.

“We’ve also got ahead of this, through the $12 billion New Zealand Upgrade Programme of road, rail, health and school infrastructure investment around the country.

“Government Ministers have been in regular contact with businesses and industry groups as we work together to respond to the impacts of Wuhan coronavirus. We have already taken action to support businesses and workers, and we are now in a position to announce the next steps in response to this rapidly changing situation.”

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