What do I hear from the Opposition? Carping and complaining and digging out the old bogeyman attacks. And they say, "Well, we've had to borrow to respond to the COVID crisis, and how are we going to repay it?" Let me just give the Opposition a little bit of an education on how debt works and why we need to engage in debt and how we will repay it. Now, when the previous National Government came into power, debt was at 6 percent of GDP, thanks to the judicious stewardship of Dr Michael Cullen. But the Opposition, the then Government, was quite quickly hit with the global financial crisis, and properly—quite properly—they borrowed to get through the global financial crisis. In fact, under the former National Government, debt rocketed up to about 26 percent of GDP—a 20-point increase in debt. That was the proper response. Over time, it worked down gradually, until we'd managed to pay off some of that debt, until in 2017, debt was down to about 22 percent of GDP, and this year, before the COVID crisis, under this Government and under Grant Robertson's stewardship, we had worked it down to about 19 percent of GDP. That's what happened to debt: rocketed up, along came down, and it was the right thing to do. We are borrowing again in a crisis.