Bay of Plenty Times
  • Bay of Plenty Times home
  • Latest news
  • Business
  • Opinion
  • Lifestyle
  • Property
  • Sport
  • Video
  • Death notices
  • Classifieds

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • On The Up
  • Business
  • Opinion
  • Lifestyle
  • Property
    • All Property
    • Residential property listings
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
  • Sport

Locations

  • Coromandel & Hauraki
  • Katikati
  • Tauranga
  • Mount Maunganui
  • Pāpāmoa
  • Te Puke
  • Whakatāne
  • Rotorua

Media

  • Video
  • Photo galleries
  • Today's Paper - E-Editions
  • Photo sales
  • Classifieds

Weather

  • Thames
  • Tauranga
  • Whakatāne
  • Rotorua

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Bay of Plenty Times

Budget 2015: 10 things you need to know

NZ Herald
21 May, 2015 06:34 PMQuick Read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

Beneficiary families and low-income working families will get a boost of up to $25 a week as part of a child hardship package which is the centre-piece of Bill English's seventh Budget. It is the first increase in core benefits, apart from inflations adjustments, since 1972 and will affect 110,000 families.

The 10 key things you need to know out of the Budget announcement.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

• A $790 million child hardship package which includes a $25 increase in core benefits for beneficiaries with children; minor adjustments up and down in Working for Families payments depending on income.

• Increased obligations on beneficiaries regarding finding part-time work.

• Budget deficit of $684 million this financial year, turning into a $176 million surplus in 2015/16.

• Economic growth to average nearly 3 per cent over the next four years.

• Unemployment expected to fall below 5 per cent next year.

• The prospect of "modest" tax cuts in 2017 - election year.

• A $52 million "contingency fund" to speed the building of houses on crown-owned land in Auckland.

Advertisement
Advertise with NZME.

• The wiping of the $1,000 kick-start contribution on signing up to Kiwisaver.

• A new "border clearance levy" for arriving and departing passengers of $16 and $6 respectively.

• A $20 million increase in the budgets of both the Security Intelligence Service and the Government Communications Security Bureau.

Mobile users scroll down for best interactive experience.

Discover more

Budget 2015 - if readers were in charge

20 May 11:19 PM
Save

    Share this article

Latest from Bay of Plenty Times

Bay of Plenty Times

'God-given right': Family defends largely unconsented homestead on rural land

04 Jul 08:45 PM
Bay of Plenty Times

'I'm proud of you': Sister's final message before fatal crash

04 Jul 06:03 PM
Bay of Plenty Times

Farmer's harrowing hours crushed beneath tractor

04 Jul 02:00 AM

There’s more to Hawai‘i than beaches and buffets – here’s how to see it differently

sponsored
Advertisement
Advertise with NZME.

Latest from Bay of Plenty Times

'God-given right': Family defends largely unconsented homestead on rural land

'God-given right': Family defends largely unconsented homestead on rural land

04 Jul 08:45 PM

A family wanted to be left alone to develop their land without council interference.

'I'm proud of you': Sister's final message before fatal crash

'I'm proud of you': Sister's final message before fatal crash

04 Jul 06:03 PM
Farmer's harrowing hours crushed beneath tractor

Farmer's harrowing hours crushed beneath tractor

04 Jul 02:00 AM
Farmer's harrowing hours crushed beneath tractor

Farmer's harrowing hours crushed beneath tractor

From early mornings to easy living
sponsored

From early mornings to easy living

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • Bay of Plenty Times e-edition
  • Manage your print subscription
  • Manage your digital subscription
  • Subscribe to Herald Premium
  • Subscribe to the Bay of Plenty Times
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • Bay of Plenty Times
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP