It is not quite as billed by Prime Minister Jacinda Ardern and Finance Minister Grant Robertson, being a package that will give many businesses up to $150,000 rather than being targeted at tourism.
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Finance Minister Grant Robertson with Cabinet colleagues, from left, Iain Lees-Galloway, James Shaw, Stuart Nash and David Carter, before announcing his $12.1 billion package. Photo / Mark Mitchell
The rest will be spent in a variety of measures over the next four years.
The package has been almost universally welcomed and it will enhance the reputation Ardern and Robertson have earned for managing this crisis.
It was clearly an opportunity for Robertson and Ardern to engage in more nationalistic rhetoric as the severity of the crisis intensifies.
They are not alone. Political leaders around the world are attempting to rally their respective countries in the war against the virus, literally adopting the language of war in some cases.
National Party leader Simon Bridges. Photo / Mark Mitchell
"We are all in this together,"said Robertson.
"There are moments in our history where it's not business as usual," Ardern began her speech. "When we need unity, not politics as usual and today is one of those days."
The inclusion of winter energy payments for pensioners in what was called a "business continuity package" for Covid-19 was clearly a surprise, as was the $25 a week increases in social welfare benefits.
Bridges seized on it as an example of "confused priorities" and "taking the opportunity to prioritise beneficiaries over business."
Robertson and Ardern are off to Rotorua Thursday to meet businesses that may be saved by the measures.
Robertson has already dubbed the May 14 Budget the "recovery Budget" which may be hugely premature.
The trajectory of the disease in New Zealand is unknown.
Prime Minister Jacinda Ardern and Finance Minister Grant Robertson. Photo/ Mark Mitchell
There is no evidence of community transmission in New Zealand – yet.
Testing has finally stepped up – almost the same number of tests being conducted right now as the whole of the past six weeks - and not before time.
The Ministry of Health has got the message that its testing regime has been too restrictive.
It has been easy to boast about New Zealand's response to the disease if the infection rate is being masked by inadequate testing.
Until the extent of its reach is really known, it is not clear the Government will switch from rescue to recovery.
COVID-19 UPDATE
74,855,994
cases
42,277,369
recovered
1,659,941
deaths
Flatten the curve
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when the number of people infected by each infected person is reduced.
