Hon GRANT ROBERTSON: Well, the first set of Crown accounts for the new financial year showed the continued strength of the New Zealand economy, despite the challenges of COVID-19. The result of the stronger starting position for the economy before the outbreak meant that core Crown tax revenue for the three months to the end of September 2021 was $2.3 billion above Budget 2021 forecasts, coming in at $24 billion. GST revenue was $184 million above forecast, owing to stronger than expected consumer demand. Overall, the operating balance before gains and losses was a deficit of $5.4 billion, $0.8 billion higher than forecast. This was a result of the Delta outbreak, which triggered a shift in alert level restrictions and, therefore, the payment of Government support to businesses and workers in order to protect jobs and livelihoods. It's worth noting that net core Crown debt was 33 percent of GDP, which was lower than the 36.2 percent forecast by the Treasury, and significantly below most countries we compare ourselves with.