Conclusion In summary, the large improvement in New Zealand’s NFL-GDP since 2009, and the stability of the current account deficit through a prolonged expansion, provide tentative evidence of reduced vulnerability of the New Zealand economy and the sustainability of the current growth phase.
•  Privatization:  In the course of 2005, the process of privatization should be accelerated, both through tenders and auctions, as well as privatization of the companies undergoing restructuring. This process, rather than an increased sale of government bonds, should provide funds for the real financing of the budget deficit.