To the best of my knowledge, all commentators project a gradual reduction in the balance of payments deficit over the next few years on present policy.
My own hunch is that the deficit will in fact reduce somewhat more quickly than any of the official projections (including that of the Reserve Bank) now suggest, as a result of the substantial fall in the real exchange rate over the last 12 months and a decline in imports which may follow an increase in household sector saving, in turn a result of a decline in house prices.