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The Government will co-invest up to $600 million alongside local councils and private investors in network infrastructure for big new housing developments through a re-purposed ultra-fast broadband company, Finance Minister Steven Joyce and Local Government Minister Anne Tolley say.

Budget 2015 includes a $790 million package to reduce hardship among children in New Zealand’s poorest families, as the next step in the Government’s commitment to address the long-term drivers of deprivation.

The package includes increased work obligations for sole parents on a benefit, more childcare support for low-income families, a $25 a week increase in benefit rates for families with children, and an increase in Working for Families payments to low-income families not on a benefit, Finance Minister Bill English and Social Development Minister Anne Tolley say.