ZB

Week in Politics: Budget 2021 - what happens next?

Author
Newstalk ZB,
Publish Date
Tue, 25 May 2021, 8:25pm

Week in Politics: Budget 2021 - what happens next?

Author
Newstalk ZB,
Publish Date
Tue, 25 May 2021, 8:25pm

Budget 2021 has finally arrived - but what does it mean for the average Kiwi?

The headline of Budget 2021 is an up to $55 per week increase in main benefits rates – a move the Government is expecting to lift between 19,000 and 33,000 children out of poverty.

Drug-buying agency Pharmac got a $200 million increase as Labour delivered on its election pledge to increase the funding.

The Government has also earmarked $380 million of new funding towards a Māori housing package, expected to deliver another 1000 homes for Māori across the country.

Prime Minister Jacinda said this week's Budget would set New Zealand up to both recover from Covid-19, and be "stronger than when we entered the pandemic".

NZ Herald political reporter Jason Walls joined Francesca Rudkin to unpack the big ticket items and what happens next. 

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