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January 23, 2022
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Health Must Be a Priority Despite Government’s Tight Budget, says World Bank

By Staycey Yalo

Agriculture is one of the sectors PNG government can rely on in terms of generating income during this hard economic times caused by the downfall in oil and gas prices.

This was the major discussion at the first PNG Economic Update that was launched last week.

World Bank Country Economist, Chandi Kularatne said while PNG tighten its expenditures, key areas such as health must keep being priority.

Despite the slow growth in the PNG Economy, a rallying agricultural sector and improving Liquefied Natural Gas production are recent highlights of the PNG economy according to a new Report by the World Bank.

The first Papua New Guinea Economic update hosted by World Bank was launched today. A fresh one will be launched every six months.

Under the theme of reinforcing resilience, World Bank PNG’s Country Economist, Chandi Kulartne, says an integrated approach is necessary to deliver a fit-for-purpose macroeconomic policy framework.

Kularatne said while PNG cuts back on spending areas to tap into agriculture and other areas where it can generate income, it must not lose focus on Health.

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