Papua New Guinea Budget 2025

The 2025 Budget was introduced to Parliament on 29 November 2024 by the Hon. Ian Ling-Stuckey. The theme was “Securing PNG in 2025 and Beyond” and continued the Government’s commitment to the 13-year Budget Repair Plan. The Government is still targeting a surplus by 2027 with an option of repaying all debts by 2034. This is again a record Budget in terms of expenditure (up 3.6%) and revenues (up 8.6%), with GDP growth of 4.7% forecast for 2025. 

In what will be good news to many the Budget contains some tax relief announcements under its household assistance package.

We hope you enjoy our commentary contained in our Budget Alert. We would welcome your feedback.