P.M.’s prediction attacked
PA Wellington Labour’s spokesman on finance, Mr R. 0. Douglas, yesterday attacked the Prime Minister’s prediction of a 1984 current account deficit of “just over” $1 billion. Mr Douglas said it was typical of Sir Robert’s “selective and totally political use of information supplied to him by officials.’' He said the Government would plan more overseas borrowing to fund continuing deficits. The Statistics Department’s projected private
imports payments series showed a marked rise in payments in coming months, he said. “The projected monthly payments for the year ended June, 1984, are expected to be about $6626 million — up 12.5 per cent from the previous June year," Mr Douglas said. “The upward trend after June is likely to continue as the economy warms up in election year. “On the export side there is little good news. The sluggish growth in export earnings is likely to continue.
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Press, 7 March 1984, Page 2
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148P.M.’s prediction attacked Press, 7 March 1984, Page 2
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