21 May 2021

"There's more to do": Grant Robertson on Budget 2021

From Nine To Noon, 9:08 am on 21 May 2021
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Photo: RNZ / Dom Thomas

The Finance Minister Grant Robertson discusses the 2021 Budget which he says will undo some of the damage from what was dubbed 'Mother of All Budgets' 30 years ago - delivered by the then National Government.

All benefit rates will rise by between $32 and $55 - in line with the Welfare Expert Advisory Group's recommendations, at a cost of $3.3 billion over four years.

The spending is fueled by a stronger-than-forecast economic recovery with rising revenue and lower expenses expected to deliver lower deficits and reduced debt.

But with the cost of housing and food on the rise, will it be enough to lift people out of poverty? And what is the vision for growing the economy?

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