Budget 2021 LIVE: Benefits set to increase
The Budget will be publicly announced at 2pm.
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The Government aims to lift up to 33,000 children out of poverty with changes to benefit levels announced in the Budget today.
All benefit rates will increase by $20 a week from July 1 this year. A second increase will occur on April 1, 2022, which will see main benefits lifted in line with a key Welfare Expert Advisory Group recommendation.
Families and whanau with children will also receive a further $15 per adult per week.
In total, weekly main benefit rates will increase by between $32 and $55 per adult by April 1, 2022.