The Government has just announced its Rebuild Budget for 2020, with a big focus on jobs, jobs, jobs and helping the country recover from the Covid-19 pandemic.
1 NEWS political editor Jessica Mutch Mckay has broken down the numbers, on who is getting what.
“Let’s start with the big one - $50 billion and a pot of money - and that will go to helping us recover from Covid-19.
“Now $30 billion of that has already been spent already.”
She said Finance Minister Grant Robertson is not announcing the $20 billion just yet, and will reveal where that’s being spent at a later date.
1 NEWS' political team break down what you need to know. (Source: Other)
The wage subsidy scheme designed to help businesses get through Covid-19 has been extended and will see another $3.2 billion dollars.
Trade and apprenticeship training will get a boost also.
“Another thing for jobs - a billion [dollars] to try and create green employment. That's for things like pest control, for example.
"We’re also seeing a boost to the tourism industry to try keep that afloat, $400 million there."
There will be 8000 state homes and transitional homes built.
Mutch Mckay also highlighted the deficit.
"Last year we were talking about a $7 billion surplus. This time, we are talking about a $28 billion dollar deficit. Those are really big numbers.
"Another note that I found interesting: Usually budgets are locked up and kept away six weeks in advance. This Budget was finalised on Monday."
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