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.

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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.

In brief: Incoming Treasurer to announce a 100-day economic plan, and other business stories

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Treasurer Charles Abel wants to restore confidence in the economy, election unrest in Mt Hagen may cost businesses K50 million, and BCL board meets in Bougainville. Your weekly digest of the latest business news.

People moves: Treasury Minister

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Prime Minister takes role of Treasury Minister

In brief: Why Papua New Guinea internet costs are so high and other business stories

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A new report outlines ways to improve PNG’s internet services, PNG Power to ask for profits to be reinvested in equipment and PM calls for more PPPs in tourism. Your weekly digest of the latest business news.

Papua New Guinea’s mid-year economic report paints gloomy picture, with some positives

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The Papua New Guinea government has released its Mid-Year Economic and Fiscal Outlook Report. GDP growth is expected to be weak, tax revenue is lower than expected and public debt is rising above the legislated limit.