Hon GRANT ROBERTSON (Minister of Finance): I agree with the full quote that the member has selected from, which is: "As outlined in the economic forecast, inflation is expected to peak in the first half of the 2022 calendar year. Inflation has been driven by strong domestic demand, pushing up against constrained supply, and has been compounded by global supply disruption and the Russian invasion of Ukraine." In response to the second part of the member's question, as Government spending reduces from 35.4 percent of GDP in 2021-22 to 31.6 percent of GDP in 2022-23, the Treasury's fiscal impulse model turns negative.