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Budget 2024: $14b tax cuts and key benefits for families

Summarised by Centrist

The coalition government’s Budget 2024 introduces around $14b in tax cuts over the next four years, providing $4 to $40 fortnightly for all workers earning above $14,000. 

Finance Minister Nicola Willis has also delivered the smallest net increase to spending since National was last in power. 

Key benefits include an increase in the Working for Families tax credit, aiding 160,000 low and middle-income families with children up to $50 a fortnight. 

Major spending areas include health with a nearly $17b increase, and education reforms replacing the first-year fees free policy with a final-year fees free policy, saving nearly $880m. 

Read more over at NZ Herald

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