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July 25, 2021
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BUDGET RISKS: PNG’s debt levels expected to increase

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While a record budget has been delivered…

Papua New Guinea’s debt levels are expected to increase significantly reflecting the Government’s moves to obtain more loans to boost development spending.

It is projected that by 2014   PNG’s debt   will equal more than a third of the country’s gross domestic product   and then it will fall due to the expected economic growth.

But Treasury has warned that any disruption to both export revenue   and commodity prices could put the country’s future at risk.

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