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The need for fiscal discipline

Date

Authors

Duncan, Ron
Temu, Ila

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Publisher

Crawford School of Public Policy, The Australian National University
Asia Pacific Press

Abstract

Breakdown of fiscal discipline in Papua New Guinea has resulted in macroeconomic problems, despite high and growing levels of resource rents. It is recommended that the proposed National Economic and Fiscal Commission become an independent organisation, accountable only to Parliament, with broad fiscal review powers to monitor and advise on fiscal policy and to increase the transparency and public discussion of the national budget.

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Citation

Source

Pacific Economic Bulletin, Vol. 10 , No. 1, 1995

Type

Journal article

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DOI

Restricted until