Between 1978 and 1993, the New Zealand Government was in deficit not once or twice, but every year.

Since 1994, we have, by contrast, run five consecutive surpluses already, and will run seven by the end of the decade.

Notwithstanding the ambition of our priority programmes, we are in fact reducing Government spending, as a proportion of GDP, from 42% in the early '90s to 33.2% by '99-2000, and will cut that further, to 30%, in the medium term.

That policy has already reduced net Crown debt from its peak at 52% of GDP in the early 1990s to 25.5% in year.

Growth on Growth

Best Growth Track in 50 years

7 Consectuive Surpluses

Net Crown Debt

250,000 New Jobs Created

Export Earnings Up 32%

Exchange, Interest rates