Big Aust, deficit
NZPA-AAP Melbourne Australia’s balance of payments deficit would be more than sAustl3B ($17.558) for 1985-86, about sAust2B ($2.78) more than 1984-85, a leading economic analysis has predicted. The Australian Chamber of Manufacturers and the National Institute of Economic and Industry Research said in their monthly “Economic Focus" that the deficit would remain high during the present quarter before
improving in the June quarter. The report said that during 1985 the balance of payments deficit was SAUStIi.S74B ($15.6248), with “quite significant” increases during both the September and December quarters. “This trend appears to have been associated with a deterioration in our terms of trade, some reduction in the volume of Imports and an increase in net property income payable overseas,” the report said.
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Press, 28 January 1986, Page 22
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125Big Aust, deficit Press, 28 January 1986, Page 22
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