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Government Finance of Papua New Guinea

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Overview Economy Population Trade Government Finance Society Environment

Tax Revenue Composition

23.5% 43.0% 33.3%
  • Personal income taxes: 23.5%
  • Corporate income taxes: 43.0%
  • Property taxes: 0.1%
  • Goods and services taxes: 33.3%
Show table
Personal income taxes
23.5%
Corporate income taxes
43.0%
Property taxes
0.1%
Goods and services taxes
33.3%

Source: OECD Global Revenue Statistics Database, 2023.

Government Debt

Government Gross Debt (% of GDP) 49.2% #103 / 184 2026
Government Gross Debt (Local currency - PGK) 73B - 2026
Government Net Debt (% of GDP) No data - -
Government Net Debt (Local currency - PGK) No data - -

Fiscal Balance

Fiscal Balance (% of GDP) -1.1% #45 / 189 2026
Fiscal Balance (Local currency - PGK) -1.67B - 2026
Primary Fiscal Balance (% of GDP) 1.2% #36 / 182 2026
Primary Fiscal Balance (Local currency - PGK) 1.76B - 2026

Revenue and Spending

Government Revenue (% of GDP) 18.2% #147 / 189 2026
Government Revenue (Local currency - PGK) 27B - 2026
Government Spending (% of GDP) 19.3% #157 / 189 2026
Government Spending (Local currency - PGK) 28.6B - 2026

International Reserves

Total Reserves (USD) 3.71B #104 / 163 2024

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