The committee discussed at length this appropriation. The starting point set out by the Secretary to the Treasury was that before the pandemic, New Zealand had one of the most sustainable debt positions in the world. We note in the report that our debt to GDP ratio, as explained by Secretary Caralee McLiesh, was 19 percent in 2019, and this allowed the Government to borrow heavily but sustainably to finance the fiscal response to the epidemic shock brought on by COVID-19. That includes the wage subsidy, which I know from a number of businesses has kept their connection with their employees and kept their business going as we move out of alert levels. The Minister also explained that if New Zealand's debt to GDP ratio does reach 48 percent as forecast, it would still be substantially lower than almost any other comparable country in the OECD.