Hon GRANT ROBERTSON (Minister of Finance): Treasury have forecast the net change in employment. In its latest Budget forecasts, they have forecast employment of 2.642 million people in the first quarter of the year and employment of 2.523 million in the fourth quarter, a difference of 119,000 in net employment, due to the impact of the one-in-100-year economic shock created by the global COVID-19 pandemic. It is worth comparing this to Treasury's earlier scenarios, released in April, which did not incorporate the extra investment announced by the Government at Budget 2020. Scenario of these showed employment dropping by 177,000 over the year and by as much as 260,000 during the year, indicating the difference made by the investments announced in the Budget. In answer to the second part of the member's question, net core Crown debt was 21 percent of GDP at the start of the year, and I'm advised by Treasury that they expect this to be around 39 percent of GDP at the end of the year. Obviously, the pre-election fiscal update will finalise these forecasts.