Media Releases

August 08th to 10th October 2025

Hosted by: Department of Treasury in collaboration with the Bank of PNG, Kina Securities, BSP Capital Ltd & Centre for Excellence in Financial Inclusion (CEFI)

Mr. Speaker,

I am once again humbled to present an economic update to this Parliament. In addition to some good news for our struggling families, I will present key messages from the 2024 Final Budget Outcome, also known as the FBO, and 2025 budget implementation.

Department of Treasury wish to advise interested Media Organizations and
Financial Institutions that the 2025 National Budget Press Lock-up will be held
on:
Date: Thursday 28th November, 2024
Time: 10:00AM to 2:30PM.
Venue : State Function Room – Parliament House (C-Block)

The Hon. Ian Ling-Stuckey “The Marape-Rosso Government continues the important work of budget repair. This is hard work filled with difficult decisions. Massive pressures to increase expenditures to meet pressing development needs. Massive pressures to cut taxes. At...

The 2024 Mid-Year Economic and Fiscal Outlook (MYEFO) report is the fifth report produced by Treasury since the global COVID-19 pandemic outbreak. These have been challenging times for PNG, as they have been for the world. The worst war in Europe since 1945 continues...

The 2023 Budget Outcome is now available to the public and highlights the track record of the Papua New Guinea government in meeting its budgetary planning for the year 2023. The Budget Outcome report highlights the continued improvement of the debt to GDP ratio,...