Hon GRANT ROBERTSON (Minister of Finance): Last week, Xero released its Small Business Insights data for December, showing "the decade finished strong for New Zealand small business … With 56.42 percent of small businesses cash flow positive, December recorded the third strongest month in the 2019 calendar year behind November and March. Compared to the cash flow numbers from December 2018, the data showed a solid year-on-year improvement of 1.13 percentage points." David Bell, director of business growth at Xero, said the data pointed "towards a sector getting smarter around how they operate their businesses and use their capital." These results are yet more real data that demonstrate the strong recent performance of New Zealand small businesses and the solid underlying fundamentals of the economy. 