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Winners and losers in Budget 2017

NZ Newswire logoNZ Newswire 25/05/2017 Karen Sweeney

WINNERS:

* Low and middle income earners - changes to the tax free threshold will save those on less than $22,000 a year $10.77 a week and those on less than $52,000 a year $20.38 a week.

* Families with young children - the family tax credit will go up to the same amount for children aged 0-15 as it is for those aged 16-18.

* Students - they'll get up to $20 a week extra toward accommodation, while the Accommodation Supplement will put up to $80 extra in families' pockets.

* Prisoners - from rehabilitation in prison to housing support as they transition back into the community there's a series of funds and programmes to help reduce recidivism as well as funding for new prison facilities.

* Mental health - services will get a $224m boost over four years, including $100m for innovative proposals and $100m for DHBs to support local mental health and addiction services.

LOSERS:

* Climate change - just $1 million a year has been allocated to help New Zealand achieve its Paris 2030 commitments.

* Mid to high income earners - there's no change to the tax brackets for anyone earning more than $52,000.

* Retirees - contributions to the New Zealand Superannuation Fund still won't start up again until 2020/21.

* Rural and regional New Zealanders - it's been said there's nothing at all for the regions in the budget while rural health groups and GPs specifically say their patients aren't likely to see much benefit from boosted health spending.

* Insured homeowners - Earthquake Commission levies are set to rise from November 1, meaning the cost of insurance will rise by up to $69 a year.

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