However, the IRRS expenditure, or the income-related rent expenditure the member refers to, is operating expenses, not debt funding, and it needs to come within the operating allowances of the annual budget. Since we have come into Government, I'm pleased to report we have increased the expenditure on IRRS from the $890 million the previous Government annually paid in 2017-18, to $1.318 billion forecast for this financial year. This represents a 48 percent increase in IRRS. If we were to apply the IRRS to council houses that have already been built, we would be applying this to existing housing rather than continuing our record house-building programme. If we are to solve the housing crisis, we simply have to build more homes, and we are unashamedly pulling every lever to increase housing supply. 