Share this article
As we have observed, the New Zealand Government has already committed around $30 billion to support the economic recovery from COVID-19, with the potential for up to a further $20 billion to be spent.
These spending initiatives are being funded by a massive public borrowing programme. This underscores the need to ensure that spending is wisely directed into the areas that will deliver maximum benefit, particularly around building greater resilience within our public healthcare system, maintaining employment and driving a rapid economic recovery that benefits all segments of society.
Given public finances are limited, there are constraints on just how much the Government can and should do, so decisions need to be weighed and balanced against clear objectives, and prioritised to deliver maximum impact. This is no different than what any business does in terms of rationing capital expenditure off a limited funding base.
Find out more about the seven planks in our full report.
Consulting Managing Partner and Wellington Market Managing Partner, PwC New Zealand
Tel: +64 21 585 753