Hon GRANT ROBERTSON: It is timely to remember that as the COVID-19 pandemic continues to spread and take lives overseas, we in New Zealand are still enjoying a relatively normal way of life. The global economy is in a fragile state; however, New Zealand tends to track well in comparison. We are investing to aid the recovery while also keeping debt down. The IMF has recently updated its projections using their comparable method of international debt, which forecasts Government net debt in New Zealand to peak at 28 percent of GDP in 2024. This compares to an advanced economy average of 94.8 percent of GDP, or 101.5 percent in the United Kingdom, 111 percent in the United States, and 55 percent in Australia.