The Labor Party have committed to delivering $491 000 of funding to emergency financial relief organisations in Newcastle.
This announcement comes in retaliation to the government's cut from emergency relief services which will take affect at the end of the year.
Newcastle MP Sharon Claydon said the funding would provide some much needed assistance for a lot people.
"There are these cost of living pressures that are affecting a new demographic group now, I believe, so it's not just people on fixed low incomes locked into social security that are feeling this pinch... but there are many working Australians who find and consider themselves in a really poor situation."
The promised initiative will also include restoring $73 000 to emergency relief funding for the Muloobinba Aboriginal Corporation to assist Indigenous families in need.
The plan also includes doubling the number of financial counsellors across the country and expanding low-cost alternatives to pay day loans, with the project to total a $40 million dollar nationwide investment.
Labor Senator Jenny McAllister stated, "this is about, really, dealing with poverty, people whose lives are really very hard. The broader Labor program is preventative."
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