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New Zealand Fin Min: Budget Has Struck Right Balance

Thursday, 24 May 2012 | 1:40 AM ET

Bill English, New Zealand's finance minister, told CNBC, "I think we have the (budget) balance about right, we have relatively low government debt but it has been rising fast and our household debt is quite high but starting to come down, I think we have struck the right balance between a gradual path back to surplus and structural reform."