We also heard that the temporary loss carry-back scheme for business during COVID would have big fiscal implications, but that could be considered in the event of another significant shock. When it came to the cost of living payment, there were questions asked around the bureaucracy that was involved to administer those. The Minister made the point that the 300 short-term staff employed in the short term needs to be considered in the context of staff levels being at 6,000, five years ago, to 4,000 IRD staff currently. And we also heard that the payment is a short, immediate response and, therefore, looking at bringing it into the long term was not something that was being considered—that the cost of living issues were happening now. In considering this, the committee considered also the context of the COVID pandemic, the overseas pressures such as the war in Ukraine, and that debt levels coming out of that for New Zealand are projected to be half that of Australia and a third of that in the UK. 