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Papua New Guinea: 2015 Article IV Consultation-Press Release Staff Report and Statement by the Executive Director for Papua New

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Papua New Guinea: 2015 Article IV Consultation-Press Release Staff Report and Statement by the Executive Director for Papua New by International Monetary Fund

Despite strong growth relating to a large liquefied natural gas (LNG) project, Papua New Guinea (PNG) faces strong headwinds from severe revenue shortfalls due to lower global commodity prices and temporary suspension of a large mining operation. Given the large drop in government revenues, decisive consolidation will be needed to keep the government debt-to-GDP ratio on a downward trajectory over the medium term. To this end, expenditure growth should slow and budget resources should focus on high-impact spending, while safeguarding social outlays.

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Ebook Details
Pages: 69
Size: 1.4 MB
Publisher: INTERNATIONAL MONETARY FUND
Date published:   2015
ISBN: 9781513539591 (DRM-EPUB)
9781498334860 (DRM-PDF)

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01/21/2017
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