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rdf:type	schema:NewsArticle
schema:articleBody	New Zealand announced a NZ$12.1 billion (US$7.3 billion) stimulus package Tuesday to counter the economic shock of the coronavirus pandemic. Finance Minister Grant Robertson conceded "recession is almost certain" but said the package -- which focuses on wage subsidies, tax breaks and a boost to healthcare -- would help cushion its impact. Robertson likened the government's response to a defensive tackle from the country's famous All Blacks rugby union team. "We are in for a fight against an outside force beyond our control that is wreaking havoc around the globe, we are up for that fight," he told parliament. "There is no better defensive line than the All Blacks and it is just the same with our people as we face this virus." He said the package was just the first step in the government's economic response, with further stimulus set to be announced in the annual budget in May. Wage subsidies for businesses hit by a virus-induced downturn total NZ$5.1 billion, while welfare recipients will receive about NZ$2.8 billion in additional payments. Business tax breaks also total about NZ$2.8 billion, with the balance going to measures such as additional healthcare and a $600 million package for the aviation industry. Robertson said the aviation support did not include direct government subsidies for Air New Zealand, which on Monday announced it was scaling back to a skeleton operation throughout the crisis. ns/arb/ind
schema:headline	New Zealand unveils $7.3 bn pandemic stimulus package
schema:mentions	Rugby union Air New Zealand Grant Robertson Great Recession Finance minister New Zealand national rugby union team Pandemic Virus India Coronavirus disease 2019 Defensive tackle Patria AMV
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-17 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	58 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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