More families across NSW will be able to get support to help manage their finances, achieve their savings goals and reduce pressures on their household budgets, thanks to the Liberal and Nationals Government.
Under the plan, an additional $10 million will be provided to non-for-profit organisations as part of the Financial Counselling Services Program, to provide more financial counselling to families across the state.
Premier Dominic Perrottet said this funding boost would double the capacity of the program so more people can get access to the financial guidance they need.
“We recognise there are significant pressure on household budgets right now and families are feeling the pinch from higher inflation and interest rate rises,” Mr Perrottet said.
“There are many families across NSW who are doing it tough. We will ensure more financial counselling is available to those who are experiencing financial stress and hardship.
“This funding boost will mean organisations can take on an extra 100 financial counsellors, allowing thousands of extra families to get the helping hand they need.
“These financial counsellors will be able to provide free and confidential advice on a wide range of financial matters including budget planning, dispute resolution or assistance with accessing government rebates.
“This is about ensuring that families across NSW facing financial stress or hardship can get the support they need to find a pathway forward.
“The Liberal and Nationals Government will also continue to support NSW households through our $250 energy bill saver, our toll relief rebate scheme, small business rebate, our active kids and creative kids vouchers, regional seniors travel card and more.
“We’re also making sure the next generation are financially secure through our Kids Future Fund, which will futureproof the finances of kids across the state by growing their wealth through childhood.
“Only a Liberal and Nationals Government can be trusted to take pressure off household budgets, thanks to our long-term economic plan to keep our state moving forward.”
The Financial Counselling Services Program provides funding to non-for-profit organisations that employ trained financial consellors to assist families.
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