Robertson GrantHon GRANT ROBERTSON (Minister of Finance): In the interest of time I will keep this brief. In terms of the first point that the member raised around the decision by the Guardians of New Zealand Superannuation to make any divestment and in particular the question of the divestment from the Israeli banks that is their decision. It is an independent operational decision; it is not my place to have an opinion about that in my role as the Minister of Finance. In fact that member would be the first person who would be on his feet criticising the Government if the Government interfered in an investment decision of the super fund. I could actually see David Seymour. I can picture him getting up and saying to me There he is interfering in an operational decision! What does that member know about investments that the New Zealand super fund should make?" So that member might just like to reflect on that.I along with everybody else in this House have a great deal I think of admiration for the way in which the New Zealand Superannuation Fund has managed that money on behalf of New Zealanders. But the Act that the Government has then means that I do not have a role in those individual investments and I did not have a role in any way shape or form in the divestment decision that they made.On the second point that the member raised around the quality of spending we just addressed this matter at some length with Mr Woodhouse earlier. I reject the premise of the member's question around whether or not we actually did put in place good quality controls around how we were doing that spending. Yes we moved swiftly. Everything was appropriated. Everything is going back through the annual review process. We continue through the Budget process to have a rigorous analysis process. It's broader than the traditional cost-benefit analysis process the member might prefer but it's one that provides us with confidence about the quality of the spending that we do. We continue that and we will continue that into the future.On the third point around the question of debt I invite the member to take another look at the International Monetary Fund (IMF) numbers that I used in the speech this morning. We use those because they are the comparable numbers. We around the world have slightly different definitions of debt net core Crown debt and so on. The IMF have their definition so therefore it is one we can use that is comparable. And actually it does look out until the end of the forecast period.Of course as I said in the speech this morning it is our plan to reduce debt but we are not going to do that in the way the member would prefer which would be austerity measures that would undermine the recovery that we've had that would undermine the public services that New Zealanders rely upon. So yes we will take a balanced approach that sees debt come down but clearly when you have a one-in-100-year shock we had to borrow the money that we did to support New Zealanders through it. It has left the health of New Zealanders and the health of our economy in a much stronger position and over time that debt will reduce. But we're not going to do it in a way that compromises the wellbeing of our people."