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Papua New Guinea, statistics

PNG government vows to share benefits of economic growth

Papua New Guinea has recorded eight years of consecutive economic growth reports its Finance and Treasury minister, Don Poyle.

Poyle says the economy is expected to grow by 9 percent in 2011 as a result of activity in the non-mining sector, the PNG LNG construction, investor and microeconomic reforms.

The Post Courier quotes Poyle as saying the government is focused on ensuring the benefits of economic growth are more widely shared. “Under the previous government, the share of the development budget going to the key areas for medium term development program including education, health, infrastructure and law and justice fell from 73 percent to 53 percent and using the Supplementary Budget, we have started a process to reverse and this decline.”


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About Samantha Magick

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