As you may have seen we’ve just released this year’s Budget, which sets out the next steps in our plan to build a secure future for New Zealand.
I wanted to make sure that you’d heard about a couple of key Budget initiatives, including a cost of living package to support people here in Auckland Central.
Right now the fundamentals of our economy are strong. We have a record low unemployment rate, economic activity that is higher than it was before Covid-19, and debt lower than most countries we compare ourselves to. Our strong health response protected our economy through Covid-19 and we’ve pulled through better than almost anywhere else in the world.
But we know that despite these positive indicators, things are tough right now for many families as global inflation affects prices here at home. That’s why with Budget 2022, we’re taking further steps to ease the financial pressure on Kiwis with a new cost of living package.
This package includes a new temporary payment to help Kiwis with higher food and power bills. This will benefit more than two million people earning up to $70,000 a year who don’t already receive the Winter Energy Payment, including many here in Auckland.
Alongside this payment, we’re tackling transport costs, by extending our fuel tax cut, reduced road user charges and half price public transport for a further two months, and making half price public transport permanent for people on low incomes. We’re also taking action on supermarkets to make sure Kiwis are paying a fair price at the checkout.
It is important we do what we can to take the hard edges off the global factors that are affecting us here in New Zealand, and these practical measures will help families in Auckland and across the country.
I’m proud of this cost of living package, but it’s not the only part of the Budget that will benefit people in Auckland Central. To secure our future we’re making our largest ever investment in the health system and Pharmac, ensuring more Kiwis can access lifesaving medicines and treatments, and we’re delivering more paramedics and ambulances to ensure urgent care is on hand when needed. We’re also improving support for Kiwis with serious and acute conditions as part of our work to build a new mental health and addiction system.
As we do all this, we’ll continue to carefully manage the books – and our careful fiscal management means we return to surplus quicker than National did after the global financial crisis.
There’s a lot more in the Budget that will benefit people here in Auckland. If you’d like to know more, I’d encourage you to check out labour.org.nz/budget2022. Whether it’s helping businesses switch to renewable energy or futureproofing our health system, I know that our Government’s actions will make a real difference for Kiwis, now and in years to come. (HELEN WHITE)
This article was funded by Parliamentary Services.
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