Note: This figure includes any statistical revisions to the current account. Ref #7076865 v2.1  7  What accounts for the improvement in our NFL position? Understanding what has driven the improvement can help us assess how sustainable the improvement might be. I will explore this through two lenses: a balance of payments perspective and a saving and investment perspective.
(i)  Balance of payments perspective  A balance of payments perspective reveals that much of the improvement in our NFL can be accounted for by lower interest payments on our debt, the recent strength in tourism and education exports, and favourable net revaluations.