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Helicopter payments will not be used by the government as a means to help stimulate the economy after Covid-19, according to Deputy Prime Minister Winston Peters.
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The deputy prime minister and New Zealand first say the idea will not stimulate the economy.
Source: 1 NEWS
Late last month, Finance Minister Grant Robertson hinted at the possibility of a “helicopter payment” for all kiwis, a lump sum payment for every citizen intended to boost spending and stimulate the local economy. The tactic was recently employed by the United States government.
Today, a $ 50 billion Covid-19 recovery and response fund is included in the Budget, consisting of a $ 4 billion business support package that includes a specific goal of $ 3.2 billion to extend the subsidy scheme. wage.
However, the government has also set aside $ 20.2 billion for future use.
Speaking to the media today, the Deputy Prime Minister was questioned that $ 20.2 billion could go directly into the pockets of kiwis through a universal cash brochure.
“We do not believe in helicopter payments,” Peters said.
“We believe in investment strategies that lead people to a better life and give them real hope.”
Peters, along with New Zealand’s first deputy, Shane Jones, also described how he would prefer to see $ 20 billion spent.
“We would like to see it spent on smart and smart economic recovery strategies.
“We have to learn something from this Covid-19.
“We have learned, for example, the instability of market dependency. We should have learned that lesson when the UK left us and joined the EU in the early 1970s, we did not. We went back directly and did it from new
“This time, we have to diversify our markets, be smarter, add value here, have much bigger wealth export strategies, and make a lot more money per person, like the Nordic countries do, like Iceland does.”
“It is not difficult to find models of that success. We need to have learned from them to avoid having some of these outdated approaches to political ideology that have never worked anywhere in the world, anywhere in history.”
