Finance Minister Michael Cullen said the September balance of payments figure was in line with market expectations and
provided further confirmation of the underlying resilience of the New Zealand economy.
“The deficit has been reducing each quarter since the beginning of 2000 and is now half what it was when the government
took office.
“New Zealand is well positioned to weather the global downturn and to capture early the benefits of a recovery in world
demand,” Dr Cullen said.
Ends