The funds are to cover “basics” of rebuilding roads, rail and schools, as well as flood protection. Read more at straitstimes.com.
WELLINGTON - The New Zealand government said on Sunday it was allocating NZ$1.1 billion to help communities recover from a cyclone and floods that lashed the country this year.
“At Budget 2023, the Government is investing NZ$941 million total operating and $195 million capital in the next stage of the recovery,” the statement said. “The recovery package responds to the immediate recovery needs of today and invests in greater resilience for tomorrow,” said Prime Minister Chris Hipkins.
Despite the natural disasters, the government has said it will not introduce any major new taxes to fund recovery in this year’s budget, to be delivered on Thursday, after pressure from the main opposition party, the centre-right National Party.
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