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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21 Aug 2017 by 5 Comments
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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9 Aug 2017 by Leave a Comment
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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16 May 2017 by
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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6 Oct 2016 by Leave a Comment
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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2 Aug 2016 by Leave a Comment
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.
Spending cuts loom in Papua New Guinea Supplementary Budget; central bank governor to review kina restrictions
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2 Sep 2015 by 1 Comment
The Papua New Guinea government will cut K1.6 billion in expenditure from its 2015 Budget, and may seek further cuts of K1 billion, according to Treasury Secretary, Dairi Vele.
Supplementary Budget on the cards after Papua New Guinea Treasury flags worsening deficit
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12 Aug 2015 by 6 Comments
The Papua New Guinea government has acknowledged the need for action to deal with a worsening Budget deficit, blaming lower global commodity prices.
In Brief: Papua New Guinea Budget deficit rises to 9.4% of GDP, and other business stories
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5 Aug 2015 by
Treasury says Deficit rises to 9.4% of GDP, foreign advisers ban, and parliament passes Sovereign Wealth Fund bill. Your weekly digest of the latest business news.
Papua New Guinea Budget review welcomed
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3 Jun 2015 by Leave a Comment
The PNG Government’s decision to review the 2015 Budget has been welcomed, while another prominent economist suggests further foreign investment can be attracted by improved policy settings.
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