Budget 2023 highlights: What's in it for YOU?
The key highlights:
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Extension of 20 hours Early Childhood Education to include 2-year-olds - $1.2b
Abolition of $5 prescription co-payment - $619m
Cheaper public transport for children - $327m
$71b in infrastructure spending
Inflation forecast to stay higher, for longer
Net core Crown debt hits $181b
The cost of living package targets families with young children.
For parents
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Two-year-olds included in 20 hours of free early childhood education from March 2024, at a cost of $1.2 billion over four years. This saves eligible parents about $133 a week. Subsidies for childcare centres rise by 5.3 per cent, costing $260 million over four years.
Public transport
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$327 million for free public transport for primary school-aged children, half price public transport for under 25′s from 1 July - benefiting about 774,000 people. Pay rises for bus drivers.
Health
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Removing $5 co-payment for prescriptions, cost: $618 million over four years.
More money to help reduce waiting lists ($118 million) and $100 million to boost primary care. $63 million for 500 extra nurses. $75 million more for Pharmac.
The tax change
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Tax rate for trustees to increase to 39 per cent from April 2024 - the same as the top income tax rate. Aimed at stopping people using trusts for their income to avoid the higher tax rate. Expected to raise $350 million a year.
Post-cyclone infrastructure
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National Resilience Plan set up with initial funding of $6 billion - first priority is repair and rebuild of telecommunications, energy and roading after Auckland flooding and Cyclone Gabrielle.
Housing
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$403 million to expand scheme for heating and insulation installations to 100,000 more homes. 3000 new public housing places.
The economy
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Inflation is forecast to drop to 3 per cent by next September.
Treasury no longer forecasting a recession, due to cyclone recovery. Unemployment is forecast to peak at 5.3 per cent in late 2024.
GDP is forecast at 3.2 per cent this year, dropping to 1 per cent next year.
The books
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Return to surplus forecast in 2025/26. Net debt is forecast to peak at 22 per cent in 2024.
The surprises
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$34 million increase in funding for Te Matatini (over two years) - up from $3 million a year now. The festival will get more funding than the NZ Symphony Orchestra for the first time.
New 20 per cent rebate for game development studios - allowing them to claim up to $3 million a year in rebates.
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Poll: Is it rude to talk on the phone on a bus?
Buses can be a relaxing way to get home if you have a seat and enough space. However, it can be off-putting when someone is taking a phone call next to you.
Do you think it's inconsiderate for people to have lengthy phone calls on a bus? Vote in the poll, and add your comments below.
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64% Yes
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33.5% No
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2.5% Other - I'll share below
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Tips on Accelerating Your Comfort Level with a New Mattress
Getting started on the quest for the perfect night’s sleep with a new mattress can be exciting, but it often requires a period of adjustment.
If you've recently invested in a new mattress and are wondering about the time frame for adjustment, you're not alone.
Understanding the typical adjustment period can greatly improve your sleep health and ensure you get the most comfort out of your new bed.
The Personal Touch: Individual Variation in Adjustment
When it comes to adapting to a new mattress, there's no one-size-fits-all answer.
The mattress adjustment period can vary significantly depending on a number of personal factors.
Age, health, and even your usual sleep position can influence how quickly you adjust.
Generally, most people take anywhere from a few days up to a month to fully adapt to their new sleeping environment.
During this time, your body is acclimating to the support and feel of the mattress, which may differ significantly from your old one.
Understanding Mattress Types and Their Impact
The type of mattress you choose also plays a crucial role in your adjustment period.
Memory foam, for instance, may require a longer adjustment period as it contours more significantly to your body compared to a traditional spring mattress.
On the other hand, hybrid mattresses—a combination of foam and springs—offer a balance of support and cushioning, which might ease the adaptation process.
Tips for a Smoother Transition
Adapting to your new mattress is not just about waiting it out; there are active steps you can take to make the process smoother:
Maintain a consistent sleep schedule. Going to bed and waking up at the same time every day sets your body’s internal clock, which can help reduce the adjustment time.
Create a comfortable sleep environment. Ensure your bedroom is conducive to sleep—consider factors like temperature, light, and noise.
Give it time. Even if your new mattress feels different or not quite right initially, give it a few weeks, as initial discomfort is common.
Exploring more about how to enhance your sleep environment for a comfortable sleep, you can check out Beds4U Bedding.
Recognizing the Signs of Successful Adjustment
How do you know if you're well-adjusted to your new mattress?
Look for positive changes in your sleep quality and health.
You should experience less tossing and turning, fewer awakenings through the night, and reduced morning stiffness or soreness.
Increased sleep quality and waking up feeling rested are clear indicators that your body has adapted to the new mattress.
Comfort with Confidence
Adjusting to a new mattress is a unique experience that varies from person to person.
By understanding your needs and the characteristics of different mattress types, along with employing tips to aid the transition, you can enhance your sleep quality significantly.
Remember, a good night's sleep is crucial for your overall health and well-being.
At Beds4U, we are committed to helping you find that perfect sleep solution.
With a wide range of high-quality mattresses and a knowledgeable team eager to assist, finding your ideal comfort is just a visit away.
Explore our latest collections and sales at Beds4U and start enjoying a more comfortable sleep tonight.
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