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2021 Budget: CTU welcomes progress, but more needed to address challenges of Building Back Better


The Council of Trade Unions welcomes the Government’s investments in 2021 Budget released today.
“We particularly welcome the spending on improving income support which will reduce all poverty including child poverty. However, the Budget should have gone further to secure essential public services for New Zealanders, and to deliver on the Government’s commitment to build back better,” said CTU Economist Craig Renney who was at today’s Budget Lockup
“It was pleasing to see the investment in rail, in Māori housing, and in restoring the Training Incentive Allowance. These are signals that the Government is committed to moving in the right direction for working Kiwis and for those who want work. But they also need to make sure that they have funded the basics. Health purchasing (which excludes vaccines and MIQ spending) rose by well short of the amount necessary to keep up with the estimated $1.3bn of annual cost pressures. ECE funding rises by 1.2% – but inflat ....

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Main Benefit Boost: Up To 33,000 Children Lifted Out Of Poverty


Thursday, 20 May 2021, 1:57 pm
· Weekly benefit rates lifted by between $32 and $55 per
adult, in line with a key recommendation from the Welfare
Expert Advisory Group (WEAG).
· In total, 109,000
families and whānau with children will be, on average, $175
a week better off as a result of changes made by the
Government since 2017.
· Student living support will
increase by $25 per week on 1 April 2022.
Between
19,000 and 33,000 children are projected to be lifted out of
poverty on the after-housing-costs measure in 2022/23 as a
result of increases to benefit levels in Budget
2021.
All benefit rates will increase by $20 a week
from 1 July this year. A second increase will occur on 1 ....

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