Papua New Guinea recorded a Government Budget deficit equal to 8.10 percent of the country's Gross Domestic Product in 2020. source: Bank of Papua New Guinea

Government Budget in Papua New Guinea averaged -2.41 percent of GDP from 1998 until 2020, 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 August of 2021.

Government Budget in Papua New Guinea is expected to reach -7.30 percent of GDP by the end of 2021, 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 -5.30 percent of GDP in 2022 and -3.20 percent of GDP in 2023, according to our econometric models.

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Papua New Guinea Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-8.10 -5.00 3.10 -8.10 1998 - 2020 percent of GDP Yearly

Papua New Guinea Government Last Previous Highest Lowest Unit
Government Debt to GDP 48.90 40.00 48.90 16.30 percent of GDP [+]
Government Budget -8.10 -5.00 3.10 -8.10 percent of GDP [+]
Military Expenditure 87.00 80.80 154.00 33.10 USD Million [+]
Credit Rating 27.00 [+]


Papua New Guinea Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.