Papua New Guinea recorded a Government Budget deficit equal to 4.90 percent of the country's Gross Domestic Product in 2019.
Government Budget in Papua New Guinea averaged -2.14 percent of GDP from 1998 until 2019, reaching an all time high of 3.10 percent of GDP in 2006 and a record low of -7.80 percent of GDP in 2013. 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 October of 2020.
Government Budget in Papua New Guinea is expected to reach -4.00 percent of GDP by the end of 2020, 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 -3.50 percent of GDP in 2021 and -3.30 percent of GDP in 2022, according to our econometric models.