An eight per cent increase in government spending and a five percent real GDP growth rate are two of the key predictions Papua New Guinea’s 2024 National Budget, announced by Treasurer Ian Ling-Stuckey in Parliament this week. So, what’s in the budget for business?
Papua New Guinea’s 2024 National Budget: what’s in it for business?
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30 Nov 2023 by Leave a Comment
Fiscal consolidation in Papua New Guinea: some promising signs, but will it be sustained?
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27 Mar 2023 by 1 Comment
Will Papua New Guinea eliminate its fiscal deficit by 2027? Devpolicy’s Kingtau Mambon and Alyssa Leng analyse debt, budget deficit and ‘glimmers of hope’ to answer this pressing question.
Papua New Guinea’s Treasurer announces largest Budget ever for 2023
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7 Dec 2022 by Leave a Comment
The first National Budget of the returned Marape Government predicts record government revenues and expenditure in 2023, with significant increases in spending on infrastructure, law and order, education and health.
Economic update: cautious optimism in Papua New Guinea as major projects take shape
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19 Apr 2022 by Leave a Comment
With major new resources projects still in play, and new players entering the market, this election year will be one to watch in Papua New Guinea. Business Advantage PNG talks to the country’s business leaders about the year ahead.
Election time: Papua New Guinea in 2022 [opinion]
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25 Jan 2022 by Leave a Comment
What can we expect from Papua New Guinea’s 2022 National Elections? And what are the major challenges facing the winner? Stephen Howes considers.
Papua New Guinea’s plan to balance the budget [analysis]
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8 Dec 2021 by Leave a Comment
Papua New Guinea’s 2022 National Budget focuses on health, growth and reducing its deficit by 2027, but can this be achieved? Economists Stephen Howes and Kelly Samof consider the evidence.
Papua New Guinea’s 2022 National Budget: what’s in it for business?
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1 Dec 2021 by 1 Comment
The 2022 National Budget is a ‘big-spending budget’ aimed at stimulating economic growth. At a special online briefing held this week, Business Advantage PNG‘s readers heard from three experts on its likely impact on business.
In brief: Taking back Papua New Guinea’s forestry sector and other business stories
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24 Nov 2021 by 1 Comment
Forestry Minister unveils plans to ‘take back the forestry sector’, Minister for Fisheries says funding is needed for the Pacific Maritime Industrial Zone and the Chamber of Mines and Petroleum questions gold refinery and mint project in Papua New Guinea. The business news you need today.
Papua New Guinea’s 2022 Budget to address budget repair
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24 Nov 2021 by 3 Comments
Papua New Guinea’s Treasurer Ian Ling-Stuckey is expected to deliver his third National Budget tomorrow (Thursday), with a major focus on managing the country’s K6 billion budget deficit.
Searching for the green shoots
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16 Jul 2021 by Leave a Comment
For the time being, PNG’s economy appears to be managing its way through the COVID-19 crisis. According the Treasurer Ian Ling-Stuckey in the Final Budget Outcome for 2020, released in the past week, the ‘economic impact of the health crisis remained within our initial estimates.’
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