Fiscal policy

Debt Sustainability In PNG

Public debt is sustainable when the government is able to meet all of the payment obligations without recourse to exceptional financial assistance or face the prospects of default. 

NRI Discussion Paper No.195 entitled “Fiscal Policy for Sustainable Debt in PNG” by Professor Satish Chand and Dr. Osborne Sanida that was released today to provide answers to the specific question on the size of the primary fiscal balance (i.e. revenue minus expenditure, exclusive of interest payments).