Eight-month deficit: $2.8 billion
PA Wellington Preliminary figures indicate the Budget deficit before borrowing was about $2.8 billion for the eight months to November, the Reserve Bank said yesterday.
The figure was $2.06 billion in the same period in the previous year.
A statement from the bank on the liquidity outlook for the next few months
also said the outcome for the 1983-84 fiscal year is still expected to be close to the budgeted $3.2 billion. The forecast is based on the expectation that there will be larger liquidity injections in December, January and February, only partly offset by a larger withdrawal in March, than for the same months in 1982/83. The overseas exchange transaction current account deficit is expected to be
slightly greater for December-March than it was for the same period last year. However, private capital inflows are expected to be much lower than last year. Reserve Bank transactions will also provide less of an injection than in the previous year, mainly because of the limitation on lending to the Dairy Board, and lower supplementary minimum price payments.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19831209.2.67.6
Bibliographic details
Press, 9 December 1983, Page 10
Word Count
180Eight-month deficit: $2.8 billion Press, 9 December 1983, Page 10
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.