Deficit gap narrows
The current account deficit was $468 million in the year to November, according to the latest Government figures. , The improvement from tne previous year of $l4O mil-lion-'was the result of a deterioration in the invisibles deficit of $152 million, which was more than offset by an increase of $292 million in the trade surplus. Total export receipts were up by 29 per cent at $142( million with all categories o/ exports showing gains. The largest increases w®e in dairy and forest products and in the other primary product categories. / Total imports for the year ended November were u* by 26 net cent at $1315 mifion. The official capital account inflow of $3 If million was less than half that of the previous year a)' a result both of reduced government borrowing and. higher payments. The private capital inflow was $93 million forjthe year ended November. 4 Official overseas reserves fell during the yer by $153 million and stoo< at $717 million., . f
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Press, 29 December 1980, Page 21
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165Deficit gap narrows Press, 29 December 1980, Page 21
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