22 May 2015

Budget 2015: What you need to know

6:14 am on 22 May 2015

Key points from the Government's 2015 Budget include a boost to benefit payments for families, a deficit and the end of the $1000 KiwiSaver kickstart.

John Key (left) and Bill English on their way to announce the 2015 Budget.

Prime Minister John Key, left, and Finance Minister Bill English head into Parliament to deliver Budget 2015. Photo: RNZ / Alexander Robertson

The increase in benefit rates is the first in 43 years outside annual adjustments for inflation.

Finance Minister Bill English said the Government needed to target a narrower range of families to have an impact on those living in hardship.

The Opposition has accused the Government of helping the most vulnerable at the expense of "those just a couple of rungs up the ladder" and doing the "bare minimum" to address child poverty.

Review RNZ's live coverage of Budget 2015 - as it happened

New spending on child poverty

Surplus versus deficit

Steven Joyce (left), Paula Bennett and Bill English arriving at the 2015 Budget lock-up at Banquet Hall, Parliament.

Ministers Steven Joyce (left), Paula Bennett and Bill English arrive at the lock-up at Banquet Hall, Parliament. Photo: RNZ / Alexander Robertson

Savings on KiwiSaver

Child support penalties scrapped

In studio: Radio New Zealand's education correspondent John Gerritsen, host Susie Ferguson and economics correspondent Patrick O'Meara

In studio: RNZ's economics correspondent Patrick O'Meara, left, host Susie Ferguson and political editor Brent Edwards. Photo: RNZ

Education: "Slim pickings"

Health: "Flat-lining"

Read more stories on Budget 2015

Andrew Little giving his 2015 Budget speech.

Labour leader Andrew Little responds to Budget 2015. Photo: RNZ / Alexander Robertson

Metiria Turei giving her 2015 Budget Speech to the house, parliament.

Green Party co-leader Metiria Turei speaking today at Parliament. Photo: RNZ / Alexander Robertson