Papua New Guinea recorded a Government Budget deficit equal to 3.20 percent of the country's Gross Domestic Product in 2024. Government Budget in Papua New Guinea averaged -2.81 percent of GDP from 1998 until 2024, reaching an all time high of 3.10 percent of GDP in 2006 and a record low of -8.90 percent of GDP in 2020. source: Bank of Papua New Guinea

Related	Last	Previous	Unit	Reference
Credit Rating	27.00			Feb 2026
Government Budget	-3.20	-4.30	percent of GDP	Dec 2024
Government Debt to GDP	51.10	51.90	percent of GDP	Dec 2024
Holidays
Military Expenditure	91.00	97.00	USD Million	Dec 2024

Papua New Guinea Government Budget

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