Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
New Zealand 05 05 - Health and income support NZD 25,600,000,000 15,483,246,643
New Zealand 05A 05A - Health support NZD 500,000,000 302,407,161 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020).

(i) April, NZD0.5 billion (0.2% of GDP) for healthcare-related spending to reinforce capacity; (ii) No amount/estimate: March 28, The government announced the temporary removal of tariffs on all medical and hygiene imports needed for the COVID-19 response.

New Zealand 05B 05B - Income support NZD 25,100,000,000 15,180,839,482 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); New Zealand Treasury. https://treasury.govt.nz/news-and-events/news/wage-subsidy-extension-announced (accessed on 15 May 2020).

April: (i) Total NZD2.4 billion (0.8% of GDP) as permanent increase in social spending to protect vulnerable people over the next 4 years; (ii) NZD13 billion (4.3% of GDP), a lumpsum 12-week wage subsidy to support employers severely affected by the impact of COVID-19. On May 14, the government announced additional funding of up to NZD3.2 billion in Budget 2020 for a targeted extension of the wage subsidy. The targeted extension provides for a further 8 weeks of payments after the program ends on June 9; (iii) NZD2.8 billion (0.9% of GDP) of permanent change in business taxes to help cashflow over the next 4 years; (iv) NZD3.1 billion as temporary tax loss carry-back scheme (1% of GDP) over the next 2 years; (v) NZD0.6 billion (0.2% of GDP) support for the aviation sector; (vi) No amount/measure: 6-month freeze on residential rent increases and increased protection of tenants for termination of tenancies.

New Zealand 09 09 - International Assistance Provided NZD 7,000,000 4,233,700
New Zealand 09A 09A - Swaps NZD
New Zealand 09B 09B - International loans/grants NZD 7,000,000 4,233,700 New Zealand Foreign Affairs and Trade. https://www.mfat.govt.nz/en/media-and-resources/news/new-zealand-provides-7m-for-global-humanitarian-response-to-covid-19/ (accessed on 20 May 2020).

May 19, The New Zealand Government is contributing NZD7 million to help some of the world’s most vulnerable people who are at severe risk of COVID-19. The funding is going towards the United Nations-led Global Humanitarian Response Plan (GHRP) for COVID-19.

New Zealand 11 11 - Other Economic Measures NZD IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020).

March 28, The government announced the temporary removal of tariffs on all medical and hygiene imports needed for the COVID-19 response.