Wellbeing Budget 2021

Our Recovery

Wellbeing Budget 2021: Securing our recovery highlights

Key investments in Budget 2021 that support the long-term wellbeing of New Zealanders include:

  • tackling inequality and child poverty, by lifting weekly main benefit rates by between $32 and $55 per adult, to help low-income New Zealanders to meet their basic material needs. This will bring these rates in line with a key recommendation of the Welfare Expert Advisory Group (WEAG) and provide an additional boost to families with children
  • $300 million additional capital for New Zealand Green Investment Finance to continue to invest in support of climate change mitigation, and to create jobs and opportunities
  • a $3.8 billion Housing Acceleration Fund, which provides a mix of contestable funding for infrastructure projects across the country and support to ramp up delivery of large-scale projects, which provide a mix of public, affordable and market housing
  • $380 million for the delivery of new housing and repairs to existing stock for Māori across Aotearoa New Zealand
  • $4.7 billion in new health operational funding and up to $968 million in health capital investment. Of this funding, a total of $486 million is to reform the health and disability system so it is more equitable and sustainable for future generations, promotes whānau-centred care, and that strives for excellence.
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