PUBLIC POLICY BLOG - Papua New Guinea’s high - public debt signals alarm bells
30 October 2022
In order to cover for the resulting deficits the trajectory in the level of public debt in the last in the national budgets, successive governments 16 years. [...] However, the higher the public debts, What is the Debt to Gross Domestic the greater the risks borne by the lenders which are Product (GDP) Ratio for PNG? then reflected in high loan interest rates. [...] In this regard, Gross This article intends to sound the alarm bells for Domestic Product (GDP) is an economic indicator GoPNG to be cautious in the increase on the commonly used to reflect the total monetary value level of public debt. [...] is because the prescribed ceilings in FRA which The Debt to GDP ratio of 51.6 percent indicates was initially set at 30 percent of GDP in 2006 has the share of what PNG owes is distressingly equal been lifted several times over the last 16 years. [...] K93 billion K93 billion ’s Debt to GDP Ratio is 51.6 percent ’s Debt to GDP Ratio is 51.6 percent instance, from 30 percent it was increased to 35 percent in 2017, 40 percent in 2019, and 45 to instance, from 30 percent it was increased to 35 percent in 2017, 40 percent in 2019, and 45 to instance, from.