Papua New Guinea: Selected Issues Paper

December 2, 2014

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Format: Chicago

Papua New Guinea: Selected Issues Paper, (USA: International Monetary Fund, 2014) accessed September 19, 2024

Summary

This Selected Issues paper analyzes the sustainability of Papua New Guinea’s current and medium-term fiscal policy and its consistency with government objectives. The Papua New Guinea government faces major challenges in shaping a fiscal policy that promotes stability, meets development needs, and adheres to its debt ceilings over the medium term. It could decide to continue with its current fiscal stance, which would see its resource wealth exhausted quickly through large development spending. This approach would likely require continued borrowing and leave little savings for future generations.

Subject: Expenditure, Fiscal policy, Fiscal stance, Government debt management, Public debt, Public financial management (PFM)

Keywords: Asia and Pacific, CR, Deficit, Fiscal stance, Global, Government debt management, Government deficit, Government of Papua New Guinea, ISCR, LNG price, Non-Resource Primary Balance, North America, Northern Europe, PNG government, Resource revenue, Revenue

Publication Details

Pages:

11
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/326
Stock No:

1PNGEA2014002
ISBN:

9781616355296
ISSN:

1934-7685

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