Hon GRANT ROBERTSON: New Zealand has a comparatively strong debt position, but we have been an outlier in the international community in the way our net debt is measured. I have accepted Treasury's recommendation for a new net debt measure to be introduced to bring New Zealand closer in line with other countries. The measure is more reflective of the real state of our fiscal position so that we can accurately compare ourselves against other countries. Unlike the main headline measure that we currently use—net core Crown debt—the new measure includes a wide range of Government assets, such as the super fund, but also liabilities, including debt held by other Crown agencies such as Kāinga Ora. It gives a headline net debt figure about 20 percentage points lower than the current one but is far more comparable when assessing our fiscal sustainability against other countries. We will ensure that the Budget documents continue to publish the old measure alongside the new measure for transparency and the ability to make historical comparisons.