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BOP Result Confirms Economy On The Upturn

Friday, 15 December 2000, 2:50 pm
Press Release: New Zealand Government

"The September balance of payments result was stronger than expected and the trend is toward a further steady improvement," Finance Minister Michael Cullen said today.

"The $6.9 billion annual deficit is better than market expectations and will improve sharply again next quarter when the frigate Te Mana drops out of the mix," he said.

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