Papua New Guinea introduces supplementary budget to address financial challenges

Welcome,

With Papua New Guinea’s Mid-year Economic and Fiscal Outlook predicting government debt will rise to 55 per cent of GDP, its government has announced a supplementary budget to address numerous fiscal challenges. There are also moves for the central bank to print money to fund budget shortfalls.

Analysis: Papua New Guinea’s salary bill problem

Welcome,

Director of the Development Policy Centre, Stephen Howes, analyses the extraordinary growth of PNG’s government salary bill and explains why it’s a concern.

Papua New Guinea’s budget challenges outlined in two new reports

Welcome,

Two new reports have outlined the revenue challenges being faced by Papua New Guinea’s government in the face of the COVID-19 pandemic.

Thinking about PNG’s COVID-19 economic response [opinion]

Welcome,

Three academics, Dek Joe Sum, Maholopa Laveil and Stephen Howes, analyse Papua New Guinea’s monetary easing measures in response to COVID-19.

Stimulate or stagnate: steering Papua New Guinea’s economy through the COVID-19 crisis

Welcome,

The global economic meltdown that has been triggered by the COVID-19 virus outbreak has hit Papua New Guinea hard. What are the implications for the country’s business and financial sectors?

Starting up: top tips for new SMEs

Welcome,

The 2020 Budget outlined an ambition to migrate half of Papua New Guinea’s population to some form of formal business by 2030. So what is required to start your own business?

Papua New Guinea heading into a forex squeeze – World Bank

Welcome,

A new World Bank report details a worsening of Papua New Guinea’s economic prospects and finances. It says that the country is ‘steadily’ losing foreign exchange.

Opinion: Papua New Guinea’s confusing budget debate

Welcome,

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.

In brief: Papua New Guinea may face its largest budget deficit to date and other business stories

Welcome,

Papua New Guinea’s Minister for Treasury finds the national budget in a ‘much more fragile situation’, K12 billion in unbanked money circulating, and poor regulations may be affecting SMEs. Your weekly digest of business news.

Boardroom briefing: Google searches, Papua New Guinea’s state of the economy and Instagram without ‘likes’

Welcome,

Google hires about 10,000 humans to improve search results, Papua New Guinea’s ‘annual half-time score on the economy’, and Instagram rolls out its ‘like’ test in more countries. Readings from around the world on business, leadership and management.