Hon GRANT ROBERTSON (Minister of Finance): Budget 2022's focus on creating economic certainty now and in the future has been recognised by the credit ratings agency Standard & Poor's. It noted that New Zealand's economic recovery continues with an improving fiscal outlook despite rising economic headwinds. Standard & Poor's said the stable outlook on New Zealand's rating is supported by the agency's expectations that there is enough headroom within the current rating to address potential risks. This reflects the country's sound and stable institutional settings, such as monetary policy, flexibility, and economic wealth. While the outlook does remain uncertain, and households and businesses are doing it tough, in the face of global inflation trends, our strong economic and fiscal position means we are in a good position to support New Zealanders as we deal with these challenges.