The need for fiscal discipline

Ron Duncan and Ila Temu

Pacific Economic Bulletin, vol. 10, issue 1, pages 14-18

Abstract: Breakdown of fiscal discipline in Papua New Guinea has resulted in macroeconomic problems, despite high and growing levels of resource rents. It is recommended that the proposed National Economic and Fiscal Commission become an independent organisation, accountable only to Parliament, with broad fiscal review powers to monitor and advise on fiscal policy and to increase the transparency and public discussion of the national budget.

Date: 1995
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