European Parliament Library

Papua New Guinea :, Selected Issues Paper

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
Table Of Contents
Cover; Contents; AN ANALYSIS OF FISCAL POLICY; A. Introduction; B. Fiscal Policy Evolution in PNG; FIGURES; 1. Resource Revenue Projection; TABLE; 1. Medium-term Fiscal Strategy; C. Fiscal Frameworks for Resource-Rich Developing Countries; 2. Incremental Consumption from a Resource Windfall; D. Evaluating PNG's Fiscal Policy; 3. Resource Revenue Projection; 4. NRPB and Net Financial Wealth by PIH; 5. Government Balance Projections; 6. Natural Gas Prices; E. Summary and Policy Implications; 7. Government Deficit and Debt under Commodity Price Shocks; REFERENCES
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (12 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9780147556776

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