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home / archives / politics / new zealand / 11th August 1992

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The wrong time to argue...

New Zealand had reduced it's inflation rate to 2% in 1991 after several years of fiscal management and reforms in the public sector expenditure.

Meanwhile in Australia there was a general recession. Especially in the state of Victoria Premier Joan Kirner led a government on the brink of economic disaster as expenditure went into the red and as state government projects failed. In some cases fraudulent practice meant people lost their life savings.