Hon PAUL GOLDSMITH: That's right, and we got through the last global financial crisis, which was a massive expansion of debt, and the Christchurch earthquakes, and we continued to reduce that debt so that we were able to pivot today. Successive Governments have done that—I acknowledge the guardianship of even Michael Cullen and Helen Clark in that period. Over a long period of time, New Zealand has kept debt low so that we can cope in these circumstances.