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
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23 Sep 2019 by Leave a Comment
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’
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23 Jul 2019 by 1 Comment
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.
Analysis: Papua New Guinea National Budget reflects improving outlook in 2019
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21 Nov 2018 by Leave a Comment
The 2019 Budget reflects an improving economic outlook says Zanie Theron, KPMG’s PNG Country Managing Partner. She points to increased private investor confidence and positive signs with foreign exchange.
2019 Budget aims to broaden economy and increase expenditure and revenue
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14 Nov 2018 by Leave a Comment
The Treasurer, Charles Abel, has handed down the 2019 Budget, revealing a 12 per cent jump in revenues and a 9 per cent jump in expenditures. He announced changes to the income tax threshold, and an increase in capital expenditure.
In brief: Government plans five new highways and other business stories
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7 Nov 2018 by Leave a Comment
Government plans to build and open five new highways, Milbank launches women-only credit card, and PNG Power to upgrade two projects in Eastern Highlands and East New Britain. Your weekly digest of the latest business news.
Papua New Guinea’s Supplementary Budget makes tough choices
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11 Oct 2017 by Leave a Comment
The National Government has issued a Supplementary Budget to deal with the fiscal and economic issues facing Papua New Guinea. Economic commentators tell Business Advantage PNG that it is a tough budget, but flag that more measures may be needed.
Opinion: Increased MP funding in Budget squeezing out spending on core services says ANU’s Stephen Howes
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22 Nov 2016 by Leave a Comment
The Papua New Guinea government, faced with falling revenue, cut back sharply on core services in the 2017 Budget says Stephen Howes, Director of the Development Policy Centre at the Australian National University. But MP funding is at five times its 2012 level.
What’s behind Papua New Guinea’s supplementary budget?
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31 Aug 2016 by 1 Comment
The Papua New Guinea government has released its Supplementary Budget to adjust to ‘tough’ economic conditions. It assumes lower economic growth, a weaker exchange rate and higher inflation.
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.
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