Public Services And Social Investment
Social Investment Package
A large slice of the budget is allocated to support our growing economy and population. $4b in new capital funding is committed across the Education, Health, Defence, Justice, Housing, Primary Sector and Transport portfolios. This includes $2.39b for Crown Health facilities and district health boards. The investment translates to new schools, additional hospital facilities, housing and water storage as well as greater prison capacity, more police officers, court and corrections services.
The Social Investment Package proposes $321 million to support the most vulnerable people in our communities: vulnerable children and their families, children with behavioural difficulties and people affected by mental health issues.
The theme of resilience was strong throughout the budget but came into sharp focus when considering our ability to cope with natural disasters.
Funding for the Christchurch rebuild continues, as does rebuilding and repairing infrastructure in the wake of the Kaikoura quake. Shoring up the National Disaster Fund is a priority so from 1 November this year the Earthquake Commission (EQC) premium rate will increase from 15 cents per $100 in cover to 20 cents per $100 in cover. This increases home owners’ annual EQC premiums by up to $69 per year.