Budget 2014: At a glance

Last updated 15:33 15/05/2014

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Budget 2014

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Budget 2014 at a glance 

* Returning the books to black, with $372 million surplus

* Extension of paid parental leave to 18 weeks, from April 2016

* An increase in the parental tax credit to $220 a week, plus an increase in entitlement to 10 weeks, from April 2015

* The average annual wage is expected to rise by $7600 to $62,300 by 2018

* Reduced ACC levies, including a likely $130 per year drop on private cars from July 2015

* $90m for free GP visits and prescriptions for under-13s, from July 2015

* Interest free loan of $375m to the New Zealand Transport Agency for Auckland transport

* Taxes on imported building products suspended, to drop cost of building a house by $3500

* $858m of new money for education and $199m investment in tertiary education

* $1.8b extra over four years to meet health cost pressures and fund initiatives

* $33m to identify and support "vulnerable children"

* $100m to get more people off benefits and into work

* Cheque duty to be abolished in July, costing about $15.5m over four years

* $40m for new irrigation projects

* $20m to improve water quality and $26.5m to protect kauri from dieback disease

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