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The Government increased the benefit by $25 a week last year. From July 1, it will increase by $20 a week, and a second increase will occur again next year, bringing it in line with WEAG s advice. Families and whanau with children will also receive a further $15 per adult per week. It means in total, weekly main benefit rates will increase by between $32 and $55 per adult by April 2022. The Government expects that 109,000 families and whanau with children will be, on average, $175 a week better off as a result of changes to income support, since 2017. Prime Minister Jacinda Ardern said it was about reversing cuts to benefits made in 1991 under National Party Finance Minister Ruth Richardson - a Budget nicknamed the Mother of all Budgets. ....
Minister for Infrastructure Increased infrastructure investment will play a critical part in Aotearoa New Zealand’s recovery from the COVID-19 pandemic. “We will build back better from COVID-19. We have the opportunity to build the houses, schools, hospitals and transport networks our country needs, while adding momentum to our economic recovery,” Grant Robertson said. “Budget 2021 sees a 50 percent increase in the Government’s multi-year capital allowance to maintain momentum around job creation and to build the critical infrastructure needed to come out of COVID-19 stronger. “Even before COVID-19 we were determined to address the long-term under investment in infrastructure. When we came to power we inherited neglected ....
Thursday, 20 May 2021, 4:36 pm The Wellbeing Budget announced today on the 30th anniversary of the “Mother of All Budgets”, sees investment targeted at addressing the long-term social challenges previously laid out by Minister Robertson. With an operating allowance of $3.8billion per year, the biggest increase to benefits in more than a generation, significant investment in infrastructure that brings with it an increase in jobs, and further investment in climate change, have taken centre stage. However, for New Zealand’s SMEs, there are a range of initiatives in this year’s Budget that address some key issues high on their agenda. A further digital boost for ....
How does the government Budget work and what does that mean for you? In its first unrestrained Budget in a generation, Labour is massively raising benefits in a bid to combat child poverty and boost the economy, and aiming to right the wrong of the cost-cutting Mother of All Budgets 30 years ago. Finance Minister Grant Robertson has the winds of a stronger-than-expected economic recovery at his back as he splashes the cash: to beneficiaries, to infrastructure, to health, and to students. But despite spending an extra $19 billion over the next four years, Treasury expects the Government s deficit to shrink to less than 1 per cent of GDP by 2025, with strong economic, employment, and wage growth increasing the tax take, and reducing the number of beneficiaries. ....