Barry Soper: ZB senior political correspondent on New Zealand's current account deficit
Latest figures show New Zealand's current account deficit is $33 billion- 8.5 percent of GDP- in the year to March.
That's down from $34.4 billion- or nine percent of GDP- in the year to December.
ZB senior political correspondent Barry Soper says the current account deficit comes down to exports and that New Zealand is exporting more than it's importing.
"For the IMF to come out and say that we've really got to contain our spending and that the Reserve Bank may have to even tighten further monetary conditions- it should be a big concern for the Government."
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