The Government says between 19,000 and 33,000 children are projected to be lifted out of poverty on the after-housing-costs measure in 2022/23 as a result of the $3.3 billion changes announced on Thursday.
2021 marks the 30th anniversary of the so-called ‘Mother of All Budgets’ that saw benefits slashed and other social programmes cut.
Finance Minister Grant Robertson says Budget 2021 repairs some of that damage . Not only will this give a sense of dignity and hope to those who receive that boost in income, it will also help reduce inequality and provide ongoing stimulus to the economy.
Since being elected, the Government says 109,000 families with children are on average $175 a week better off as a result of changes it has made to income support. That includes its implementation of the families package, as well as the $25 lift to benefits it made in the early days of COVID-19.
Budget 2021: Social Insurance long Overdue – E tu
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Budget 2021: What you need to know
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