IMF Staff Country Reports

Papua New Guinea: Selected Issues Paper

Publication Date:

December 2, 2014

Electronic Access:

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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.

Series:

Country Report No. 2014/326

Subject:

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