Papua New Guinea: Selected Issues Paper

International Monetary Fund

No 2014/326, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper analyzes the sustainability of Papua New Guinea’s current and medium-term fiscal policy and its consistency with government objectives. The Papua New Guinea government faces major challenges in shaping a fiscal policy that promotes stability, meets development needs, and adheres to its debt ceilings over the medium term. It could decide to continue with its current fiscal stance, which would see its resource wealth exhausted quickly through large development spending. This approach would likely require continued borrowing and leave little savings for future generations.

Keywords: ISCR; CR; revenue; resource revenue; deficit; PNG government; Non-Resource Primary Balance; government deficit; government of Papua New Guinea; LNG price; Government debt management; Fiscal stance; Asia and Pacific; North America; Northern Europe; Global (search for similar items in EconPapers)
Pages: 11
Date: 2014-12-02
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