Bayly AndrewANDREW BAYLY (National—Hunua): Thank you Mr Speaker. I enjoyed that speech.Hon Member: I suppose when you're on 3 percent there is only one up.ANDREW BAYLY: Yes yes at 2.7 percent for New Zealand First yes I think that's very important.I did have a good look at this Budget as all my colleagues did and I've got to say it's grim reading—it is grim reading for all New Zealanders current and in the future. And that is obviously something that has happened as a result of COVID-19 but the financial impacts are just incredibly huge in the sense of what it's going to do to our future generations.So we had a debt of roughly 60 billion bucks and everyone was praising us only a few months ago that New Zealand was well-placed with low Government debt. On the other side we didn't talk about the high level of private debt that individuals households actually have. So when you put those together actually New Zealand was always reasonably indebted. But at a Government level through successive Governments—both the current Government and certainly under our administration—we got that debt down. But we are going to see debt grow from $60 billion which is a hard figure to envisage to basically three times that amount: $200 billion. That is a staggeringly high amount of money three times the level of debt that somewhere sometime someone is going to have to pay off. Part of the reason for this this huge increase is that the projections that the Government put out assume that we will continuously lose every year substantial amounts of money. So our revenue from our tax resources or income will be far below what we will be spending every year to the tune of just over $100 million over the next four years—$100 million.We've just been celebrating the fact that we have achieved a surplus of about $7 billion albeit that a couple of billion of that came from accounting treatment. That is one of the highest Government surpluses we've ever achieved. And yet we have got a Budget that seems to say it is OK to run up $100 billion of operating surpluses before we even start to generate any returns so that we can even contemplate the ability to pay down some of that $200 billion worth of debt. Now any business any household would not stand a chance if they went to their bank and put up a proposition like this. I think this is the disconnect and the difference that the National Party has with the Government. It is the simple fact that we believe that it is perfectly appropriate that the Government is spending a lot of money right now—in fact it should be spending more and I'm going to talk about that—but there is a time when that needs to stop and we have got a flabby Government that doesn't know anything about financial discipline. And that is the worrying thing that anyone could be prepared to put out a Budget like this that says we will run up $100 billion worth of deficits and we're perfectly OK.Now the bit about this if you even look at the Budget it is one hell of a spender. I'll just give you examples just random examples from the Budget. The first one I came across the Department of the Prime Minister and Cabinet for some reason and you know this in the context of growing our debt by three times. So most of us will be going Yeah we're going to spend lots of money but we'll make sure we cut it back from somewhere else. Otherwise the future generation the young generation is going to have to eventually pay it back for us." That's pretty unfair for people like us in this House. So presumably you're going to take quite a disciplined approach. So the Department of the Prime Minister and Cabinet guess what! Another $7 million in the Budget. Alright doesn't sound a lot I know. But you know if we're going to lead the country why don't we just look at our own department?If I go to—and these are random—the Office of Film and Literature Classification. Here we are we're going to spend some money on the delivery of an online rating tool for the self-classification of commercial video. Very good thank you. We're going to spend some more—oh here's another one: we're going to spend some money not much on doing up the Premier House and the cottage because that's very important.Hon Michael Woodhouse: That's more important than breast cancer screening.ANDREW BAYLY: Much more important than breast cancer! That's right Mr Michael Woodhouse as we've heard earlier today.Then we've got arts and culture—no here's another one. Here's a good one—[Interruption] Excuse me. I'm trying to give a talk here excuse me. Here's a really good one: general election 2020 transitional support for the executive. This means this is funding for when we have the election and post the election in October whoever it is and hopefully it's us apparently you're going to give us $6.2 million so that we can ensure that the Ministers and their staff quickly become operational. Well I can tell you what if we happen to be on that side of the bench in October we will be returning the $6.2 million because we don't need it.But the other stuff in here you know the area where I really wanted to see something because I did have the building construction portfolio and I know that in Wellington everyone's been saying to Mr Grant Robertson "Why don't you help us upgrade our seismic strengthening on our apartments on our commercial buildings?" He's had it in his ear from all the locals. Guess what—guess what! We had all that other stuff. We've got $3.1 million to help strengthening of buildings across all of New Zealand. Now I tell you what if I was running this Budget I would have taken all those other millions and I would've probably given $20 million to that. That's where I would've funded that from. Easy peasy.These are just small examples of the Budget. It just shows that we've had a hell of a spend-up and we're not worrying about our future generations how we're going to pay for it. Now that is the issue and National's issue is that as I said before we should not be spending more than necessary.All this should be put through a cost-benefit analysis. We heard today that a lot of these Budget items haven't been put through it. They haven't been put through the CBAx system which was introduced by you guys and you're not using it.SPEAKER: Order!ANDREW BAYLY: Sorry Mr Speaker. So this is where we sit with this Budget.Then we turn round the other side and say look what should we have seen in this Budget? We should be talking about the support for households and for businesses. We agree with what you've done with the wage subsidy albeit you only did 50 percent of the wages in the sense that there was a 50 percent subsidy of the average wage. One might have argued it could have been 80 percent of the wage which was what most countries overseas did but nonetheless it's a relatively generous package in the terms of the lifespan of that project. But the issue around funding our businesses is a crucial issue. And we've heard about the business finance guarantee. It was a scheme that was taken from the UK and basically dropped in here at the very time that the UK were talking about it being ineffective and that the Government was going to change it. The Government chose to bring it in and as we heard today $60 million—a mere $60 million—of funding has been provided to small business—drop in bucket. Then we've heard about the tax loss scheme today. Again $71 million. The reality: it does not work—it does not work for small businesses.The worst thing I find about the approach is that the Government think the best way to help a business is to gear them up give them more debt. What is absolutely crying out from our small business owners right now—because by the way they employ hundreds of thousands of New Zealanders—is the absolute need to get cash in their pockets so that they continue to meet their overheads and their rental payments. Of course we had this absurd proposition put forward by the Hon Andrew Little about rental arrangements. There is no financial support for small businesses in rental arrangements. It has just been assumed that every rental landlord in New Zealand—it's OK that he or she should pick up the bill. But we heard today from the Reserve Bank when I asked them they are particularly worried about the commercial sector. It's worth $180 billion and it's huge. And they are now worried as we are climbing out of this period where we've had wage support that this is one of the areas that New Zealand is really going to have a problem with. The Government should have dealt with it and they haven't."