On top of that, Budget 2022 is being delivered in a difficult time for the global economy and for many New Zealanders. The impacts of rising inflation due to COVID, supply chain challenges, and pressure on oil prices from the Russian invasion of Ukraine are being felt at the petrol pump and at the supermarket. This Budget responds to these immediate challenges facing New Zealanders while also looking ahead. The here and now matters, but so too does tomorrow and making sure that we provide for a secure future. This Budget is about both—a careful balance to provide economic security into the future and make sure we invest for what is needed now without adding to the drivers of inflation.