PNG budget surplus tackles debt

PNG has used its entire 430.2 million kina ($US147 million) 2006 budget surplus to repay some of the country's debt, reported the Post-Courier.

PNG budget surplus tackles debt PNG budget surplus tackles debt PNG budget surplus tackles debt PNG budget surplus tackles debt PNG budget surplus tackles debt

Treasury Secretary Simon Tosali said: "Consistent with sound fiscal management, the 2006 surplus has already been used for debt reduction.

loader
  • NEW: Digital version of PNG Report magazine - View here
  • Porgera: Barrick-PNG talks go on - Read more
  • Follow the companies investing in the PNG market - Read more