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Kōrero: Balance of payments

Robert Muldoon’s road show, 1975

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Robert Muldoon’s road show, 1975

In the 1975 election campaign Robert Muldoon used charts to raise concern about the level of New Zealand’s international debt. He showed that in the previous year New Zealand had run a substantial deficit on its current account, which had the effect, as shown in his chart (right), of increasing the country’s borrowing.

Te whakamahi i tēnei tūemi

Alexander Turnbull Library, Dominion Post Collection (PA-Group-00685)

Reference: EP/1975/1599/6a

Permission of the Alexander Turnbull Library, National Library of New Zealand, Te Puna Mātauranga o Aotearoa, must be obtained before any re-use of this image.

Ngā whakaahua me ngā rauemi katoa o tēnei kōrero

Me pēnei te tohu i te whārang

C. John McDermott rāua ko Rishab Sethi, Balance of payments – Other perspectives on the current account, Te Ara – the Encyclopedia of New Zealand, https://teara.govt.nz/mi/photograph/23961/robert-muldoons-road-show-1975 (accessed 4 June 2026).

He kōrero nā C. John McDermott rāua ko Rishab Sethi, i tāngia i te 12 April 2010.