2019 Papua New Guinea National Budget Brief

KPMG PNG reviews the 2019 National Budget and its implications for business.

The Marape-Steven Government presented its National Budget last week under the recurring theme “Take Back PNG”. It continued the strong criticism it has had of the budget and economic management of PNG’s predecessor government for its excessive expenditure, dramatically increased borrowings and misrepresentation of the true position of the PNG economy. The Government’s choice between running continued deficits and abandoning some fundamental social support development appeared stark.With that...

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Published Date: 04 December 2019