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New Zealand unveils record spending to deal with pandemic shock

New Zealand's Finance Minister Grant Robertson speaks during a media conference in Wellington
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WELLINGTON (Reuters) - New Zealand unveiled a record NZ$50 billion ($30 billion) fund in its budget on Thursday to restore an economy hit by the coronavirus pandemic, but warned it may not be enough to stop thousands from losing jobs and businesses shutting.The massive spending, which includes billions on infrastructure, healthcare, housing and an extension of its wage subsidy scheme, sets the..
Date Published: May 14, 2020
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