New Zealand to give cash payments to some low income families as global fuel crisis worsens
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In response to rising fuel prices since the start of the Middle East conflict, the New Zealand government will provide temporary cash payments to approximately 143,000 low-income families with children starting April 1st. The "in-work tax credit" will be boosted by NZ$50 per week for one year, or until 91 octane petrol drops below $3 per litre for four consecutive weeks. Another 14,000 families on slightly higher incomes will also be eligible for payments, but will receive less than $50 per week. The government aims to ease the burden of increased petrol costs on working families who are ineligible for benefits. However, the Green party criticized the package for excluding beneficiaries, retirees, and unpaid carers.
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AI-ExtractedThis package does nothing for [people receiving benefits] and their children, retirees, or unpaid carers.
The increase will be temporary, lasting for one year from 1 April, or until the price of 91 octane petrol drops below $3 a litre.
Roughly 143,000 families with children will get an extra NZ$50 a week through a boost to the in-work tax credit.
Nearly 150,000 New Zealand families will receive a weekly cash payment to help them afford petrol.
Petrol prices have increased roughly 40-50 cents a litre in New Zealand since the Middle East conflict began.
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