Unemployment at 3.2 percent is at record lows, household incomes have continued to rise, and balance sheets are strong across almost every sector. We have done this with some of the lowest debt in the world. Our net debt is forecast to be around one-half of Australia's, a quarter of the UK's, and a fifth of the USA's, using a comparable measure. As I have indicated, we are moving to a new debt indicator that is more in line with how other countries measure their net debt, and more accurately reflects the Government's fiscal position. On that indicator, net debt will now peak at 19.9 percent of GDP—or 41 percent using the old indicator—before reducing further over the forecast period.