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Thursday, 15 May 2014

Budget 2014: $500m invested in Kiwi families

Details of the 2014 Budget are coming through thick and fast. The big news is half a billion being invested in Kiwi families.

Here's the detail:
  • $171.8 million to boost the paid parental leave scheme. Paid leave will be extended by four weeks – starting with a two-week extension from 1 April 2015, and another two weeks from 1 April 2016. The eligibility of paid parental leave will also be expanded to include caregivers other than parents (for example, permanent guardians), and to extend payments to people in less-regular work or who recently changed jobs.
  • $42.3 million to increase the parental tax credit from $150 a week to $220 a week, and increase the entitlement from eight weeks to 10 weeks, from 1 April 2015.
  • $90 million to enable GPs to offer free doctors’ visits and prescriptions for children under the age of 13, starting on 1 July 2015. Over 400,000 more children will benefit by including six- to 12-year-olds.   
  • An additional $155.7 million to help early childhood centres to remain accessible and affordable, meet demand pressures and increase participation towards the Government’s 98% target.
  • $33.2 million in 2014/15 to help vulnerable children, including eight new children’s teams around the country to identify and work with at-risk children and their families, to screen people who work with children, and to support children in care.