What has happened? What this shows us is the wisdom of our Minister of Finance, who through good times was having a steady hand on the tiller, saying, "Let's not be hasty. Let's prepare. Let's be in a good position should things turn sour." And let's be honest, there are some risks facing New Zealand. COVID-19 is a significant risk, but New Zealand is well placed. It is probably better placed than any other nation in the world because of the responsible management of the economy.