Foreign debt at $29.2B
PA Wellington New Zealand’s total long-term foreign debt rose slightly to $29.2 billion dollars in the quarter ended June 30, 0.5 per cent up on the March quarter, statistics released yesterday show. The provisional figure compares with $29.068 (revised up from initial figures of $28.628) in the March quarter, and $30.1 IB in the June quarter last year, the acting Government statistician, Mr Ron Welply, said. Government corporation foreign debt in the June quarter fell to $5.628 from $6.018 in the March period, and $6.128
in June last year. Several corporations made net repayments, one was sold to the private sector and the debt of another was taken over by the Government. The official Government sector — Government departments and the Reserve Bank — was the only one to show an increase, rising from $16.88 in March to $17.68 in June. It was $17.958 in June last year. The statisticians said net repayments of $9OO millioh in the quarter were slightly more than offset by $1.028 in exchange rate ibsses. Private sector debt fell by $0.38 from $6.38 in March to S6B in June.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19890906.2.17
Bibliographic details
Press, 6 September 1989, Page 2
Word Count
186Foreign debt at $29.2B Press, 6 September 1989, Page 2
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.