The National Government today handed down a total K28 billion deficit budget for 2025 with a K10.3 billion Capital Investment Budget and a K1 billion cut in deficit.
The 2025 National Budget is not a big increase from this year’s budget, just a K10 billion increase, 4.6%.
The budget has been presented to parliament by the treasurer for debate.
The theme of the 2025 National Budget is “Securing PNG in 2025 and Beyond,” which Treasurer Ian Ling Stucky says focuses on continuing the government’s plan to achieve a surplus budget by 2027.
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