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Budget 2021 unveiled: Pharmac boost falls short, beneficiaries win big, social insurance in the works Newshub 3 hrs ago © Video - Newshub; Image - Getty Images Watch Finance Minister Grant Robertson s speech in Parliament. The Government is boosting Pharmac s budget by $200 million, falling well-short of expectations, but beneficiaries are getting a major boost and social security insurance is in the works.  Newshub recently revealed the Government s drug-buying agency Pharmac would need $400 million a year to clear the backlog of drugs on its wish-list, but only $200 million is being invested over four years - far less than was hoped. But the Government is finally living up to recommendations made two years ago by its Welfare Expert Advisory Group (WEAG) to increase benefit levels to help reduce poverty.

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