Papua New Guinea recorded a Government Budget deficit equal to 6 percent of the country's Gross Domestic Product in 2021. source: Bank of Papua New Guinea
Government Budget in Papua New Guinea averaged -2.56 percent of GDP from 1998 until 2021, reaching an all time high of 3.10 percent of GDP in 2006 and a record low of -8.10 percent of GDP in 2020. This page provides - Papua New Guinea Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Papua New Guinea Government Budget - values, historical data and charts - was last updated on September of 2022.
Government Budget in Papua New Guinea is expected to reach -5.30 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Papua New Guinea Government Budget is projected to trend around -3.20 percent of GDP in 2023, according to our econometric models.