Labour pledges $4.3 billion for social housing, schools and hospitals

The Labour Party has announced a $4.3 billion build programme intended to reduce unemployment if they are elected in November. The plan aims to deliver at least 6,000 new social housing places over four years, improve more than 2,000 schools, and accelerate hospital repairs.

The majority of the funding, consisting of $2.9 billion in one-off capital spending and $760 million in ongoing operational spending, is allocated to social housing. This housing package would include Kāinga Ora state homes and homes provided by community housing providers. The $760 million for operations would cover running costs and extra rent subsidies.

School improvements would involve $400 million in capital spending and $50 million in operating spending to upgrade classrooms, heating, plumbing, drainage, playgrounds, and sports facilities. For hospitals, $200 million would be directed to Health New Zealand to complete existing repair projects.

The policy also includes expanding the Apprenticeship Boost and introducing Māori Trades Training, which would provide $1,000 for tools and gear to nearly 30,000 apprentices. Labour intends to fund the package through future operating and capital allowances.

Where reports differ

• One report states the school funding is $450 million, while another specifies it as $400 million in capital and $50 million in operating spending

Compiled from reports by The Post, Stuff, 1News, NZ Herald and Otago Daily Times.