Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Annual BoP Result In Line With Expectations

Finance Minister Michael Cullen said today that the annual current account deficit for the year ended last December, at 3.2 percent of GDP, was the strongest result recorded since March 1992.

“The quarterly figure was a little below but still broadly in line with market expectations,” Dr Cullen said.

He said the recent bounce back in tourism numbers should take some pressure off the BoP moving forwards although the deficit was expected to increase somewhat as lower export prices, particularly in the dairy sector, impacted on export receipts and as a strong domestic economy pushed up the demand for imports.

“To improve our current account position over the long term we have to strengthen our export base through a mix of international trade liberalisation, foreign direct investment, skills improvement and innovation.

“The government has a detailed and developing strategy to address all those objectives and to raise New Zealand’s sustainable growth rate over time,” Dr Cullen said.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>


Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>


More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>


Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>


Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>


General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news