News

21 May 2015

Budget 2015 Details

Beneficiaries are to receive $25 more a week from April next year - the largest boost in welfare rates since 1972

There's also a boost in childcare subsidies for low income families - those will increase from $4 an hour to $5 an hour for up to 50 hours of childcare a week.

Finance Minister Bill English says $52 million of capital funding will go to free up Crown land in Auckland for new housing developments.

http://tvnz.co.nz/national-news/budget-2015-overview-more-money-in-bank-poor-families-1000-kiwisaver-boost-axed-6317477.