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Acting Finance Minister Trevor Mallard today poured cold water on Murray McCully's claims that the government plans to 'milk cash' from state owned enterprises for a social spend up.

Acting Finance Minister Trevor Mallard today poured cold water on Murray McCully's claims that the government plans to 'milk cash' from state owned enterprises for a social spend up.

Associate Minister of Finance, Hon Trevor Mallard, welcomed the improvement in the underlying trend in the current account balance shown in data released by Statistics New Zealand today.

Associate Minister of Finance, Hon Trevor Mallard, welcomed the improvement in the underlying trend in the current account balance shown in data released by Statistics New Zealand today.

It’s a pleasure to be here this evening. I get the feeling that I will be attending more events in this role as Paul Swain comes back on board and economic Ministers become more proactive.

Acting Finance Minister Trevor Mallard said today that the Government had no comment to make on the announcement this morning from Reserve Bank Governor Don Brash on the official cash rate.