Seymour DavidDAVID SEYMOUR (Leader—ACT): Thank you Mr Speaker. Many countries have faced the challenge of rebuilding from destruction. There are two basic strategies that they have tried to take. One is the path down which this Government is going. It's trying to plan an economy from the Beehive and I have no doubt that the MPs on the Government benches are sincere. They really do believe they can get New Zealanders back to work by borrowing spending and investing money better than the people who earned it. The other path is an outward-looking recovery led by private sector job growth and the record of history is crystal clear. Countries that look inward for jobs and growth find neither. Those that replace the private plans of five million individual New Zealanders with their own blunt plan funnelled through the bureaucracy of Wellington make us poorer not richer. This Budget unfortunately throws so much money at so many problems that we end up with debt that couldn't have been imagined by any party in this Parliament even just a few months ago. There's $5 billion for KiwiBuild 2" I'll call it; Kāinga Ora I think is what the Government prefers. You'd think they might have learnt the first time. There's a $4.6 billion blowout on trains and ferries; that's Winston Peters' bauble this year. Now if you thought that his speech and his rhetoric was old-fashioned look at the things he's wasting taxpayers' money on. The guy doesn't even know which century he's in. There's a billion dollars for some Kiwis to go bush—I call it the "Barry Crump Fund". So you're going to have some people planting pine trees you're going to have other people pulling down wilding pines and some other people shooting a wallaby infestation caused by the Government's ban on semi-automatic firearms. And the only question is whether or not there's going to be more or less pine trees by the time the exercise is over. My bet is on the wallabies.There's a $400 million tourism fund and the press release I would estimate is a million dollars a letter because there is so little detail the Minister of Tourism hasn't a clue. He was asked on the Epidemic Response Committee what tourism was and—I'm not making this up—he said "Tourism is hard to define." No wonder he doesn't know how to spend $400 million dollars on tourism but that's this Government's plan.There's over $200 million to reinforce the message that it's not a parent's job to send their kids to school with their own lunch. And the sadness of that is that those kids are going to learn over a long period the hard way that there is no such thing as a free lunch because they're going to grow up in a New Zealand with triple the public debt—$140 billion over $70000 per household borrowed by the Government in their name in this Budget.The other problem is what's not in the Budget. I couldn't believe it. I thought we've got an idea in ACT's alternative budget that's so obvious the Government will steal it. Let's put front and centre investing in public health and having the world's smartest borders. It should be so obvious. We are an island nation dependent on trade on export education on tourism that's just been cut off from the rest of the world. We're a country that had to go into the bluntest lockdown the bluntest public health approach imaginable that has flattened the economy and the livelihoods of so many New Zealanders. Why? Because we didn't have the public health technology to fight a virus like Taiwan did. We didn't have the ability to see what was coming and track and trace a virus like Taiwan did and we weren't able to achieve only six deaths with no lockdown. That's the gold standard. That's what ACT's alternative budget calls for. That's what the private sector needs to get going again and create jobs and I couldn't see it in this Government's Budget. That is an enormous fail.Treasury is forecasting that there'll be no COVID-19 restrictions by next April; by April Fools' Day next year we'll have no more restrictions. Well that's a heroic forecast and borderline fraudulent when the Government hasn't made it a priority to control COVID without restrictions. The other thing that is missing because there's so much money thrown at so many problems in such an unguided and wasteful way is tax cuts. There's two ways to do stimulus: there's take and borrow money and throw it at every problem the Government can imagine or stop taking so much of people's money in the first place and the ACT Party's alternative budget would give a year of GST down at 10 percent putting $6 billion back in the hands of the businesses and the people that earned it. The ACT Party's tax cut which would be permanent would be $3 billion of reduction in income tax with a broad middle income tax cut dropping the 30 percent rate to 17.5 percent. That budget would allow the Government to spend only an extra $40 billion. It would have saved the next generation and the current generation of New Zealanders $100 billion of borrowing that this Government is about to undertake and how? The other thing that's missing from this Budget is any kind of analysis or focus on improving the quality of spending already there. So on the one hand the Government says "These are extraordinary times." That's their approach to expenditure. Then they say "It's business as usual." That's the approach to existing expenditure. So we have extraordinary new expenditure business as usual normal expenditure and a Budget blowout and $140 billion—70 grand per household—in extra debt.Then we have the question of why it's so hard to get stuff done. The Government has recently discovered what the private sector knew about the Resource Management Act all along. It makes it damn difficult to get things done. And the Government's solution is to exempt its own projects from the Resource Management Act leaving the burden on everyone else. Well the ACT Party says that's the wrong way round. We should be replacing the Resource Management Act with the better urban planning initiative from the Productivity Commission so that everybody can build more easily to get this economy going. There's always been more capital overseas than in New Zealand and nobody can create jobs—not even the Government—without capital. The Government's approach of becoming even more xenophobic about foreign direct investment is one of the most damaging initiatives in this Budget. The ACT Party's alternative budget would lift the restrictions on foreign direct investment for investors originating in friendly democratic OECD countries. That's the kind of initiative that we need in order to get our economy moving.I've nearly run out of time in this speech when there's so much more to say and that's a shame because people need to see how stark the difference is. On the one hand you've got the Government of KiwiBuild that wants to rebuild our whole economy with your money. On the other hand we have freedom free markets and a job-rich private sector - led recovery that New Zealanders deserve. Thank you Mr Speaker."