Hon GRANT ROBERTSON (Minister of Finance): There is a wide range of estimates of the total cost to the economy from economists, ranging from an impact on GDP of $300 million per week to about $500 million to $600 million per week. Part of the reason for this range of estimates is the difficulty of assessing the impact beyond the Auckland City boundaries. It is important to note that these estimates don't include the benefits to the economy from the Government's plan to stamp out the latest outbreak quickly. We know in New Zealand from experience that the best economic response is a strong health response. The estimates also don't factor in the counterfactual of how much higher the cost would be if ideas floated by the members of the Opposition that we should just let COVID take hold in New Zealand would happen, which, while the Government does not agree with it, Mr Seymour did. With regard to the cost to the Government, we have taken a responsible approach to managing the costs of COVID-19 as we keep debt under control and much lower than other countries. It's why we set aside the remaining $14 billion of the COVID-19 Response and Recovery Fund, in case of a second wave. The total cost of the new wage subsidy and its existing extension is estimated to be about $1.6 billion. There will be some cost to the Government in terms of tax revenue as well. At this time, other costs, as a result of the level 3 restrictions, will be dealt with through existing baselines.