The 100-Day Plan
Budget 2018 builds on the Coalition Government's 100-Day Plan which made significant investments in key areas such as families, KiwiBuild, education and training, and restarting New Zealand Superannuation Fund contributions.
The 100-Day Plan consisted of funding for the following key areas:
The Families Package
The Families Package will deliver more money to middle and low-income families and is projected to significantly reduce the number of children in poverty. The package includes increased Working for Families support, a new Best Start payment to help families with children in their early years, a Winter Energy Payment to help superannuitants heat their homes through the coldest months and accommodation supplement increases to support those under housing stress. When fully rolled out, 384,000 families with children will be better off by an average of $75 per week.
Education and training
Our post-secondary school education and training fees-free policy was successfully implemented on 1 January 2018. This will provide access to vocational training, apprenticeships and tertiary study for tens of thousands of people. The package also boosted both student allowances and living cost entitlements for eligible students.
KiwiBuild will deliver 100,000 quality, affordable homes throughout New Zealand within a decade. A KiwiBuild unit has been established within the Ministry of Business, Innovation and Employment and the first houses are underway.
New Zealand Superannuation
Contributions to the New Zealand Superannuation Fund have restarted after nine years, with the first payment to the Fund made on 15 December 2017.