Parmar ParmjeetDr PARMJEET PARMAR (National): Thank you Madam Deputy Speaker. What a scene it was leading up to Budget day because for almost all questions that we asked whether it was about housing or whether it was about law and order or support for research and development the answer was Three more sleeps to go." "Two more sleeps to go." "One more sleep to go." and then came Budget day. And on Budget day what we got was a big debt for New Zealand—a big debt for all New Zealanders—and taxes new taxes. This Government campaigned on bringing new taxes only in the next term—if they ever get back in Government—that were based on their Tax Working Group's recommendations but in six months what have we seen? At least four new taxes.And of course there is spending. There is spending but not on issues that matter to an average family. What we saw is that it is going to be more than $10 billion that is going to be borrowed by this Labour-led Government. They're going to extract $2.3 billion out of New Zealanders' pockets. This is not from taxpayers' pockets; this will be from everyone's pocket whether they are on benefit or a low income because people will be paying for fuel tax the regional fuel tax irrespective of their income level. So they don't care about low and middle income families or families that are on benefit.What we have seen in this Budget is that they were not prepared to be in Government. They were in a position for nine years and they were screaming loud that yep they were ready to be in Government. Nine years is a long time—one term two terms three terms—and when they came into Government this was their first opportunity and this is the Budget we have from them: a flop Budget.As the research science and innovation spokesperson I'm really appalled to see that this Government has nothing to offer for research and development growth other than R & D tax credit policy. Again and again we hear members of the Government saying "Oh we cannot deliver the vision with the same old approach." It's their vision they cannot deliver with the same old approach but for supporting R & D what they have done is bring back a policy that is from 2007—an at least 11-year-old policy that they want to bring in. And this policy we don't even know what it's going to look like because it's going through the consultation period but they have decided to get rid of growth grants. So yes growth grants offered through Callaghan Innovation—they have already decided to get rid of growth grants saving millions of dollars for their unnecessary spending.I ask the Minister to take five minutes out to read Callaghan Innovation's annual report to realise that through growth grants we have seen a significant increase in business research and development. We have seen overall a 29 percent growth of business research and development in just two years—2014-16—and businesses that were directly benefited through Callaghan Innovation showed a 46 percent increase in business research and development. So this is a significant model. This is a very successful model and the Minister wants to replace this model. Actually there is nothing to replace—get rid of that model bring in an at least 11-year-old policy and say that "Oh we cannot achieve our vision with the same old approach."What they're doing is pushing the financial risks on to business saying "Go out find money. Once you start making money we will give you a 12.5 percent tax credit." They don't care because they don't understand how research and development works. There are companies hugely contributing to a country's research and development but not making any profit so there is nothing—nothing—for those companies in this Budget. They do not support small and medium sized enterprises. We are 96 percent small and medium sized enterprises. We know that the Minister Iain Lees-Galloway has made the comment that he doesn't care about businesses shutting down. Yes there'll be businesses going belly up and it will be sad not just for those businesses; it will be sad for the whole country. Those people will have no choice but to go on some form of benefit—yes to go on some form of benefit.Well actually there is another option and that option is to get on a plane to another country because we have seen that the Labour Party when they're in Government have a really good track record of driving New Zealanders out of New Zealand. So again this is what this Labour Government wants to do. This Budget is not about New Zealand or New Zealanders; this Budget is about New Zealand First and to keep Prime Minister Jacinda Ardern in that position as the Prime Minister. So we do not support this Budget. Thank you Madam Deputy Speaker."