“While this cut in itself won’t shift the Government’s overall fiscal position it is an acknowledgement that every person and organization has a part to play as we unite to stamp out Covid-19 and save lives,” Jacinda Ardern, from New Zealand's Labor Party, who has been praised for her decisive and early handling of the crisis, said in a statement.
Ardern underlined that the total donation, estimated to amount to some NZ$1.6 million (US$972,000), would go towards efforts to combat the novel coronavirus.
“It is the right thing to do, and I acknowledge chief executives for volunteering to take the pay cut alongside us,” Ardern said. “I feel acutely the struggle many New Zealanders are facing and so too do the people I work with.”
The measures approved by the authorities in the face of the crisis include a NZ$9 billion wage subsidy to 1.5 million people in the country.