Economics
Growth, inflation, foreign exchange, debt and fiscal policy. The numbers that set the conditions every business in the region operates under.
Current Article
Current Article
October 11, 2026
KEY POINTS Papua New Guinea paid K801.4 million in fuel subsidies by the end of July 2026. Treasurer Ian Ling-Stuckey now estimates the full-year cost at around K1.5 billion, which is K390 million above the K1.11 billion package in the supplementary budget. The September 2026 supplementary budget defers projects to 2027 to keep the year on target, but it names none of them and gives no value. The first-half deficit reached K2.4 billion, against a full-year target of K1.608 billion. Treasury is asking Kumul Petroleum for at least K1,666.7 million in dividends, against a K650 million offer. Papua New Guinea paid K801.4 million in fuel subsidies between the scheme’s April launch and the end of July, The National reported. Treasurer
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