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January 28, 2022
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Government commits 15 percent increase in Capital Expenditure

Despite a challenging economic climate, the government has demonstrated a commitment to capital expenditure through the budget for 2018.

National Planning Minister Richard Maru, when addressing the 2018 National Budget Press Lock-Up, announced a significant increase, with capital expenditure now set at K4.6 billion – a 15% increase from the 2017 budgetary allocation.

This component of the Budget is spread out across various programs, including PSIP, DSIP, and the newly introduced Ward Support Improvement Program.

Total fixed commitments are set at K1.6 Billion with the balance to come from loans and grants from Papua New Guinea’s Development partners.

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