Bayly AndrewANDREW BAYLY (National—Hunua): Thank you Mr Chair. Well I think this is the year of delivery is it not? I thought this was going to be the year of delivery. Well I'm struggling when I stand up here and we're talking about what the Government has delivered. What I do know is that this Government has overseen a decline in this economy and that those last two speakers need to avail themselves of the facts. So let's just go back in time. In the last three years that the National Government was in power we averaged 3.3 percent average GDP growth—3.3 percent and where are we now? Where are we now? We are at about 2 percent—we are at about 2 percent. Now that's a drop of more than a third—more than a third. I'll tell you why that's so bad. Not only are the cafe shop owners that you go and get coffee from in the morning feeling the effects of it but what it means for a $300 billion economy such as New Zealand's is that there's a loss of economic activity by about $3 billion—a loss of $3 billion worth of activity. That's in the coffee shops. It's in the production of New Zealand steel doing new types of steel products through to the agriculture sector. Across the economy that's what we've seen a decline in. Over the last 18 months we have seen that decline. What that means is that this Government has now missed out on over $1 billion worth of tax revenue. And so—Hon Member: How much?ANDREW BAYLY: A billion dollars—a billion bucks. That's why this Budget's going to be a problem for this Government because they're already down a billion bucks. No doubt when they came in as we all saw in the Treasury projections the economy was steaming along. I heard Mr Parker today talking about some of the reasons why it's gone backwards. Well actually the fascinating thing is exports have actually gone up. Exports have actually gone up. Internationally and this is the other thing that I find an absolute contradiction is that—yes you're right—the World Bank has downgraded the world economic forecasts but with this so-called third downgrade they currently sit at a figure of 3.3 percent for the world economy—3.3 percent. We're at 2 percent. We're at 2 percent and we've got growing exports. So how do you account for that? How do you account for that?What this Government has done is ruin the confidence of New Zealanders who own a business who employ people and who get out there and make it happen. Why have they done that? Well it's interesting. I just heard about infrastructure. I just note the speaker before last said that we have had years of neglect in infrastructure so what's the first thing that the Minister of Transport does? What Mr Twyford does is he cancels all those roads of national significance 6 billion bucks' worth—6 billion bucks' worth. All these roads that we were actually getting to the stage where we were moving past the point where we hit a deficit and we were actually starting to create new roads such as Mill Road in Auckland which goes north from my electorate and the Papakura electorate. All canned—canned so we can take 6 billion bucks and put it into light rail. Now if you were doing the light rail on top of the $6 billion worth of roads of national significance then that would have been fine but you haven't. They've nicked the money. They've nicked the money for these significant projects and put it into the trams they've given Winston Peters $1 billion for his foreign affairs things they've given Shane Jones 3 billion bucks and they've given the Minister of Education $2.6 billion but in the first few years there's only nearly $1 billion but not quite—right? It's all gone. What's more you've got a declining Budget and you won't have the surplus that you're budgeting. That's why you're going to have trouble in this Budget coming up. You're going to have significant problems about it. It's of your own making because you have imposed things on business owners on those people that employ New Zealanders—unreasonably so—and that's why we've arrived at this situation. But what have you delivered on? Well it's interesting. You have delivered on a tax increase. You said you wouldn't impose taxes in this first term. You have imposed $2.3 billion of additional taxes which you said you wouldn't do in the 2017 election. I don't think it's right.