The Beehive building

Building Financial Capability Services – improving budgeting support for individuals and whānau – Budget 2022

We’re continuing to support New Zealanders by ensuring budgeting help is available to improve financial outcomes in an environment of increasingly complex hardship and debt.

Government is investing $21 million over two years to support Building Financial Capability services for individuals and whānau.

This initiative supports Building Financial Capability (BFC) providers to work with individuals and whānau to improve their financial capability and reduce their risk of financial hardship.

  • BFC providers take a strengths-based approach to empower people to get control of their money, set goals and achieve long-term sustainable change.
  • BFC providers do this by offering a range of services, including financial mentoring, peer support programmes such as MoneyMates, intensive support through BFC Plus, and microfinance and debt solution services.

This funding will also help to ensure BFC services can continue to support increased demand resulting from COVID-19 impacts.

  • This funding will support BFC providers to continue to support clients to manage within their finances, develop skills and set goals to enable better financial decision-making, and develop strategies to increase income and be debt-free.

Costs (operating)





2025/26 & outyears



$14.000 million

$7.000 million



$21.000 million