Tuesday 25 November, 2025
The Marape-Rosso Government says Papua New Guinea’s economy is showing stronger performance as it moves toward budget surplus in 2027. Treasurer Ian Ling-Stuckey presented new figures today showing rising revenue and falling debt.
Revenues are expected to reach K29.3 billion in 2026, driven by improved returns from Kumul Petroleum, Kumul Minerals, and State authorities. Domestic revenue is now 18.8% of GDP, performing better than national targets.
The Budget deficit is projected to fall to 1.1% of GDP, down from 8.9% in 2020, while the primary budget balance is in surplus for the first time since 2011. Debt-to-GDP is forecast to drop from 48.4% to 45.5% next year.
Ling-Stuckey said the numbers show growing confidence in PNG’s economic direction. “We are now well past the debt peak and moving into a period of sustained, stable growth,” he said.
Meanwhile, the Government says it will continue revenue reforms and plans further reviews of non-tax revenue agencies to ensure PNG maintains the path toward surplus in 2027.