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.

Supplementary budget imposes greater austerity on Papua New Guinea’s economy

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The Papua New Guinea government has brought down a supplementary Budget to address what it described as a ‘record budget deficit.’ The Minister for Treasury, Ian Ling-Stuckey, claimed it is necessary to get the Budget within sound fiscal limits.

In Brief: Papua New Guinea’s Treasurer warns of ‘big and painful’ cuts in Tuesday’s Supplementary Budget and other business stories

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Treasurer says Papua New Guinea’s Budget deficit far worse than expected, Phillipines to export 5,000 mt of high quality rice to PNG, and Paradise Foods sells its spice business. Your weekly digest of business news.

In Brief: US$13 million airport project announced in Mendi and other business stories

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Papua New Guinea’s Prime Minister has announced a US$13 million airport in Mendi and Moody’s has changed the country’s issuer ratings from negative to stable. Your weekly digest of the latest business news.

In brief: Details of US$500m Credit Suisse loan to Papua New Guinea revealed, and other business stories

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Treasury Minister outlines details of US$500 million loan deal, World Bank commends 2018 Budget, crucial meeting over the future of BCL’s exploration licence. Your weekly digest of the latest business news.