In its Mid Year Economic and Fiscal Outlook (MYEFO) Report released on 31 July 2010, the Government projects a revenue surplus of K533.3 million for 2010. This surplus is expected to be spent through a Supplementary Budget later on in the year to meet financial commitments to the development partners and landowners of the PNG LNG project.
The Government remains committed to growing and building our economy, and the private sector investment is an integral part of our economic development plans. The country will continue to pursue structural reforms to encourage investments and remove impediments to doing business and investment, thereby promoting a competitive and dynamic private sector.