Treasurer, Ian Ling-Stuckey said the fiscal plan framework would enable PNG to have zero debt for the first time ever. However, he said this is not our only option.
The Treasurer added that if governments maintain the steady path of budget repair and reconstruction, then the 12th Parliament elected by the people in 2027 has profound choices.
“For example, it could decide to build the budget surplus to 1 per cent of GDP, then the debt to GDP ratio would fall down to 19 percent of GDP and the debt level would drop to below K50 billion.