New Zealand Antarctica economy Government Coronavirus New Zealand Antarctica

New Zealand spending plan includes rebuilding Antarctic base

Reading now: 494
www.clickorlando.com

WELLINGTON – New Zealand plans to rebuild its Antarctic base and spend billions more on welfare payments as part of a spending program aimed at lifting the economy out of a coronavirus slump.

The government on Thursday unveiled its annual budget, which indicated the economy is doing much better than forecast after the pandemic first hit.

That’s thanks in large part to the nation’s success in stopping the spread of the virus, as well as strong international demand for the nation's milk and other agricultural exports.

Treasury figures indicate the nation’s economy is expected to grow by 2.9% this year and rise to 4.4% growth by 2023. That follows a sharp plunge and quick recovery last year, which ended in an overall economic contraction of

Read more on clickorlando.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA