Upston LouiseHon LOUISE UPSTON (National—Taupō): Thank you Mr Chair. This is of course the Public Finance (Wellbeing) Amendment Bill and we're now on Part 2 which is the wellbeing report. We've traversed it at length although I had wanted to question further this whole definition of wellbeing. If Treasury is then reporting on wellbeing actually every New Zealander should be able to understand what that means. I think if you walked down Lambton Quay right now and asked 10 people what wellbeing is you'd get 10 different answers. It'd be really interesting actually if you walk into the Treasury building because you'd probably get 10 different answers as well.So the questions I've got are around the work required to produce the wellbeing report and actually what will Treasury stop doing because again if you ask most people what Treasury's role is it is to provide economic advice to the Government of the day. As we saw actually in the Epidemic Response Committee Treasury appeared on a number of occasions. One of the important things they did was to provide advice and forecasts actually on unemployment numbers. One of the key probably indisputable facts in terms of a component of wellbeing is has someone got a job have they got the ability to earn an income and put food on the table?So my questions are around Treasury's role. How many people are employed in Treasury at the moment? How many people will be focused on the wellbeing report? What work that Treasury does now won't be being done as a result of the change that the Government wants to put into this? As I said Treasury's role is really important in terms of independent sound advice to the Government of the day. Actually that's what taxpayers want: taxpayers want to know that there is sound economic advice that's being provided to the Government of the day and that's Treasury's job.So with the change that this Government is proposing in adding in wellbeing to the Public Finance Act it obviously provides quite a different focus for Treasury and where it should head. So my questions are around Treasury staff numbers—how many will be responsible for this wellbeing report? What are they not going to be doing? How much does this cost for the wellbeing report? It would be interesting to then know what decisions the Government made in terms of Treasury splitting its focus to focus on this wellbeing report instead of probably actually providing greater advice to the Government of the day and actually improving their accuracy. So for example the COVID-19 unemployment figures—the estimates have changed wildly in terms of unemployment numbers but I think they've settled at about 9.8 percent as a peak. But the bit that is a bit concerning then is that it returns within a two- or three-year period to when after the global financial crisis it was 10 years. So we do want to know and we do want to be reassured that Treasury is focused on analysing Government spending is focused on providing sound advice to the Government of the day into the effectiveness of Government spending and obviously driving higher productivity in the public sector. So I've asked a series of questions and I'll come back for some more.