Papua New Guinea Economic Survey: from boom to gloom?

Abstract

This survey examines the impact of the collapse of global commodity prices on the PNG economy. It also compares the pattern of government expenditure during the 1990s commodity boom with its expenditure during the recent boom. Ongoing reforms in the telecommunications, international airline services and intergovernmental financing arrangements are also analysed. As well, it presses the case for further microeconomic reforms to promote a more inviting investment environment.