Almost $11 billion handed out in wage subsidies, $83 million returned

Grant Robertson outlined the repayments as the Government continues to support businesses struggling through the Covid-19 pandemic.

Almost $11 billion has been spent by the Government on its wage subsidy scheme for workers affected by the Covid-19 pandemic. 

Finance Minister Grant Robertson today said $10.97 billion so far had gone to businesses for more than 1.6 million employees. 

There had been 3278 refunds processed to date, with $83.4 million returned. 

This morning, the Ministry of Social Development  refused to provide RNZ auditing numbers  of breaches of the wage subsidy scheme, saying it would be released quarterly.

Hours later, Social Development Minister Carmel Sepuloni announced that would become weekly

"The vast majority of New Zealand businesses are doing the right thing," Mr Robertson said this afternoon. "We have zero tolerance for anyone who has provided false or misleading information and these people are being held to account."

The Small Business Cashflow Loan Scheme has had about 60,000 small to medium businesses access the scheme with $1 billion spent. 

Figures from Ministry of Social Development showed an increase of 384 people on the Jobseeker Support benefit on the week to May 22. 

Since March 20, there had been an increase of 43,810 people on the Jobseeker Support benefit. 

Mr Robertson said that was 6.3 per cent of the working age population - "clearly not most New Zealanders", he added. 

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