Papua New Guinea: Selected Issues and Statistical Appendix

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 356

Publication date: November 2004

ISBN: 9781451831696

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Public Finance , Taxation - General , ISCR , CR , income tax , U , S , dollar , withholding tax , tax rate , Association of Superannuation Funds of PNG , export duty , debt ratio , Mining sector , Tariffs , Income and capital gains taxes , Global

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Grenada

Nepal

Republic of Congo : 2001 Article IV

Summary

This Selected Issues and Statistical Appendix paper reviews the path of Papua New Guinea’s external debt over the last decade. It explains the underlying macroeconomic framework to better understand the dynamics behind the external debt profile, and assesses the relative scale of the public external debt burden. It addresses the issue of public debt sustainability over the medium term. This paper also summarizes the government’s ongoing reform effort aimed at reducing the size of the civil service and the payroll.