Hon GRANT ROBERTSON: The accounts for the four months to the end of October factor in the improved starting position for the new financial year. Core Crown tax revenue was $2.5 billion above the Budget 2021 forecast, coming in at $31.8 billion. This was largely driven by better than expected corporate profits and more people being in work. The operating balance before gains and losses was a deficit of $7.8 billion, $1.8 billion higher than forecast, as restrictions triggered by the pandemic meant that Government had to put in place more financial support to protect jobs and livelihoods. Net core Crown debt stood at 34.2 percent of GDP, below the 36.7 percent forecast by the Treasury and significantly below most countries that we compare ourselves with. It continues to be appropriate for the Government to take a balanced approach and invest in supporting the recovery and dealing with the longstanding challenges that we have.