EMA: Budget 2021 notable for what wasn't in it

Author
Newstalk ZB,
Publish Date
Thu, 20 May 2021, 7:54PM
Finance Minister Grant Robertson. (Photo / NZ Herald)
Finance Minister Grant Robertson. (Photo / NZ Herald)

EMA: Budget 2021 notable for what wasn't in it

Author
Newstalk ZB,
Publish Date
Thu, 20 May 2021, 7:54PM

The 2021 Budget is being highlighted by business for what's not in it. 

The Government's working on creating a Social Unemployment Insurance scheme.

Workers would be paid about 80 per cent of their income for a period, after losing their jobs.

It's being designed jointly with Business New Zealand and the Council of Trade Unions.

And the Government is hoping to keep momentum on job creation by pledging more money for infrastructure.

It’s pledging almost $4 billion for rail, education infrastructure, DHBs and a redevelopment of Scott Base.

EMA Head of Advocacy and Strategy Alan McDonald told Heather du Plessis-Allan that it pales in comparison to Australia's Budget, which had a clear focus on recovery. 

"Our expectations were quite low."

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