Current account deficits are back in the news again as trade imbalances within the world economy have widened in recent years. Spain for example has run a current account deficit of more than 10% of her GDP in 2008. There are many options open to the government should it decide that the current account deficit needs to be reduced.
http://www.tutor2u.net/blog/index.php/economics/comments/qa-to-correct-a-large-current-account-deficit-what-can-the-government-do/#extended
