Papua New Guinea: 2005 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Papua New Guinea

March 13, 2006

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Papua New Guinea: 2005 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Papua New Guinea, (USA: International Monetary Fund, 2006) accessed November 21, 2024

Summary

Papua New Guinea’s 2005 Article IV Consultation reports that the economy continues to perform well as the recovery maintains its momentum and the authorities adhere to disciplined fiscal and monetary policies. The central government budget has been estimated to be once more in surplus in 2005, as mining and petroleum revenue remain strong and overall expenditure is kept in check, resulting in a further reduction in public sector debt. Monetary policy has achieved a favorable combination of relatively low interest rates and inflation.

Subject: Budget planning and preparation, Environment, Expenditure, External debt, Fiscal policy, Non-renewable resources, Public debt

Keywords: Core government function, CR, Global, Government, Government's strategy, ISCR, Minority equity share, Monetary policy tool, Non-renewable resources, PNG government, Price, Private sector credit

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/099
Stock No:

1PNGEA2006001
ISBN:

9781451831702
ISSN:

1934-7685

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