Thursday, December 18, 2014

The country's account deficit has grown, and it's now the largest it's been in almost six years.

An account deficit means the country's earned less than it's spent.

It relates to offshore income and overseas expenditure.

At present the country's got a deficit of $2.5b.

That's a debt increase of almost $500m from June.

It's a result of export goods falling in value, mainly due to the dairy sector.

And the value of imported goods has risen, led by increases in aircraft and oil stocks.

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