Hon GRANT ROBERTSON: According to forecasts in the Treasury's Half Year Economic and Fiscal Update, net core Crown debt is expected to peak at 21.5 percent of GDP in 2021-22 as a result of the investments made in the Upgrade Programme. This is well below the 22.9 percent we inherited from the previous Government. In the last few weeks, following our announcement of higher investment levels, Fitch Ratings revised its rating for New Zealand to AA+, reflecting the New Zealand Government's sound fiscal management and low Government debt, which, to quote them, "enhances the country's resilience to economic and financial shocks".