Nash StuartHon STUART NASH (Minister for Economic and Regional Development): Fa'afetai Mr Speaker. The first thing I'd say to Mr Luxon is stop getting your lines from Mike Hosking mate. You need to read you need to understand and you can see what's going on around you. We have the lowest unemployment in the OECD. Our economy is growing better than nearly every single country we compare ourselves to.This Government has three priorities: keeping New Zealand safe from COVID accelerating our recovery and rebuild from the impacts of COVID and laying the foundations for the future. There's a five-point recovery plan that underlies all of these. It's investing in our people creating jobs and improving productivity supporting small businesses and entrepreneurs positioning New Zealand globally and preparing for the future. This Budget delivered on all five of those.The objectives are very very clear and I'm going to outline a few of those as they relate to my portfolios. But first of all I'd like to say congratulations to the Minister of Finance Grant Robertson and our Prime Minister Jacinda Ardern for the prudent management of our economy during the most difficult of times. History will show that this Government's policy of a health response as the best economic response has actually worked. We are yet again number one in Bloomberg's global Covid Resilience Ranking and it is very very hard to argue with that. That's because as a team of 5 million we have worked together. We took the hit together but now we're enjoying the openness of our communities and our economy together.Having said that I acknowledge and I have always acknowledged that some members of our national team of 5 million have done it harder than others and no more so than the tourism sector. That's why in this Budget we allocated another $200 million on top of the $400 million beforehand to help the tourism sector transition from now till when the borders open—very very important because we understand the value of our tourism sector. They asked we heard and we delivered yet again.For small businesses it's vital that small businesses are part of the digital market place part of the digital revolution. McKinsey & Company an American consultancy did some work in the States which showed that five years' worth of digital enablement had been compressed into eight weeks in the States and I think that is exactly what has happened here.I used to say pre-COVID—and I certainly reiterate it now—that this is the last generation of business owners that would survive let alone thrive without being digitally enabled because everything we are doing in this Government is based on a digital platform whether it's paying your taxes—and no there were no new taxes Mr Luxon as you mentioned in your last speech. It's paying your taxes it's interacting with Government it's procurement it's paying invoices—everything we are doing is based on a digital platform. It's why we allocated another $44 million to the Digital Boost programme to ensure that small-business owners could learn about what digital technologies can do. They can learn about this in their own time in their own place in their homes but it will drive a level of innovation that we have never seen before.I talk about the digital adoption curve. That has been thrown on its head. There's a whole lot of small-business owners who understand now that it's not about success; it's about survival and digital technology is a part of that and that is not the only one but a major major focus for this Government.The previous member talked about driving productivity growth. We are concerned about the lack of productivity across our economy. It's why we have instigated industry transformation plans and this Budget reiterated that. There are five areas—five areas—in our economy where we believe we need to increase productivity where we can develop some form of global competitive advantage and we need to get all the stakeholders in a room working together to come up with a plan to drive this forward. We can't do it as a Government—I acknowledge that—but neither can business do it in a vacuum of Government so that is why we've got the unions the iwi key stakeholders Government and the private sector working together. That is the only way we are going to get the sort of results we require. I know that there are really smart engaged people on the other side like Erica Stanford who get this who know that the only way to drive productivity and growth across this economy is by working together not in isolation.Let me talk about regional economic development. This is a Government that for the first time ever engaged in the level of economic development that has made a huge significant difference across our economy. In the new fund the Regional Strategic Partnership Fund from which the Provincial Growth Fund has morphed will be a much more targeted fund working with local regions in order to help them to drive opportunity to achieve their objectives—again in partnership.I could talk about this for 45 minutes around what this Budget delivers for businesses what this Budget delivers for Kiwis for economic development for regional economic development for our regions and this country but my colleagues will elaborate on that. But I am very very proud to be a member of Cabinet in this Government. Thank you very much.