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 November 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.