Wellbeing Budget 2022

A Secure Future

Budget 2022 Investments

Budget 2022 responds to the immediate challenges facing New Zealanders while looking ahead to a high wage, low emissions economy that provides economic security in good times and bad.

We are investing $5.9 billion per annum in net new operating spending, with further initiatives funded as pre-commitments from Budget 2023 and 2024 allowances as a result of new multi-year funding approaches. In addition, we are agreeing a significant package of initiatives funded through the Climate Emergency Response Fund.

The investments we are making in this package build on the progress made in Budget 2021 towards meeting the Government's three goals for this term:

  • continuing to keep New Zealanders safe from COVID-19
  • accelerating the recovery and rebuild from the impacts of COVID-19, and
  • laying the foundations for the future, including addressing key issues such as climate change, housing affordability and child poverty.

Within these Government goals, Budget 2022 has a particular focus on delivering long-term solutions in two areas: embedding reforms to our health system and addressing climate change.

Alongside this we are providing a $1 billion cost of living package to support New Zealanders, particularly those on low- and middle-incomes, with the rising cost of living by reprioritising funding remaining following the closure of the COVID-19 Response and Recovery Fund.

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