Balance-of-payments deficit of $13M
PA Wellington The balance-of-payments estimate . for the March, 1978, quarter shows a deficit on current account of SI3M states the Government Statistician (Mr E. A. Harris). This compares with a deficit of $275M for the December, 1977, quarter, and a deficit of SI4BM for the March, 1977 quarter. For the year ended March 31, 1978, the deficit on current account was SBIOM compared with $946M for the twelve months ended December 3, 1977, and SB43M for the twelve months ended March 31, 1977. The estimates are preliminary only. During the nine months ended March, 1978, the
c.i.f. value (cost including insurance and freight) of imports was $2,453.9M said the Government Statistician. Of this amount, goods valued at: 5565.6 M (23.0 per cent) were imported under licence; $1731.3M (70.6 per cent were exempt from licence: 5147.7 M (6.0 per cent) were Government imports; $9.3M (0.4 per cent) came in under no remittance schemes. For the same period in 1977, the respective proportions of the $2563.6M imported were: 23.3 per cent; 68.3 per cent; 5.6 per cent; And 2.8 per cent.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19780527.2.143
Bibliographic details
Press, 27 May 1978, Page 22
Word Count
183Balance-of-payments deficit of $13M Press, 27 May 1978, Page 22
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in