Papua New Guinea Treasurer details K600 million stimulus package

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Papua New Guinea’s National Executive Council has announced that K600 million will start to flow to the health, security, agriculture, business and household sectors as a first step in the government’s K5.7 billion coronavirus Economic Stimulus Package. Treasurer Ian Ling-Stuckey said this is K100 million more than was initially planned.

War chest: oversubscribed COVID-19 bond will help Papua New Guinea fight virus

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The government’s COVID-19 bond was oversubscribed after the first week, according to Treasurer Ian Ling-Stuckey. He said over K1 billion was raised and that the money will help protect Papua New Guineans from the worst effects of the coronavirus pandemic.

Explainer: Papua New Guinea’s stimulus package relying on overstretched IMF

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Papua New Guinea’s government has announced its Budget deficit will balloon to more than K6 billion, the biggest in the nation’s history. Treasurer Ian Ling-Stuckey has announced a well-targeted stimulus, but the International Monetary Fund needs to come to the party.

2019: the year in review for Papua New Guinea business

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A change of government, two budgets, new infrastructure, stalled resources projects – these are just some of the features of the year in business in Papua New Guinea. Here’s how Business Advantage PNG reported on 2019.

2020 Budget aims to boost Papua New Guinea’s infrastructure and SMEs

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The Papua New Guinea Government has tabled its 2020 Budget, forecasting a big deficit designed to stimulate growth in the non-resources sector of the economy.

Opinion: Papua New Guinea’s confusing budget debate

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Amid claim and counter-claim, the true state of the Papua New Guinean economy is lost amid personality politics, argues Divine Word University’s Bernard Yegiora.

Analysis: Papua New Guinea’s tax landscape could change after CGT and SME tax consultation process

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The consultation process for the proposed Capital Gains Tax and Small Medium Enterprise Tax could change the tax landscape in Papua New Guinea. Karen McEntee, Tax Partner at KPMG, explores both proposals and what they mean for taxpayers in PNG.

Economic update: slow but steady resurgence in the Papua New Guinea economy

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Papua New Guinea is getting its house in order as it anticipates a period of stronger economic growth, driven in part by significant new investment in mineral production and infrastructure. In the first of a two-part series, Andrew Wilkins discusses its economy with business leaders and assesses where it is most likely to head.

How to open up Papua New Guinea’s capital markets

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Could Papua New Guinea Government bonds and treasury bills soon be purchased anywhere in the world with the click of a button? A new working group aims to look at ways to modernise the way the country raises money.

Papua New Guinea government needs a revenue strategy says Treasury Secretary

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The Papua New Guinea Government needs to look at raising more revenue, as well as keeping its expenditure under control, according to Dairi Vele, Secretary of the Department of Treasury.