Prime Minister James Marape has expressed his endorsement for the K27.377 billion 2024 Budget tabled in Parliament by Treasurer Ian Ling-Stuckey stating that the budget, anchored in the theme 'Securing Our Future,' reflects a commitment to propelling Papua New Guinea into economic prosperity with pro-development focus as well as continuing assistance to Papua New Guineans in these tough times. He commended Internal Revenue Commission (IRC) and Customs for their record revenue collections during a very tough economic period stating that both agencies have collected the highest-ever revenue without raising new taxes is a testament to growth in the economy. “The 2024 Budget signals a promising future for Papua New Guinea, underscoring the government's commitment to securing the well-being and prosperity of its citizens.” “As the country embarks on a path of sustainable growth, the leadership remains dedicated to fostering economic stability and resilience.” Comparing this budget to that of 2023 Budget of K24.567 billion, the 2024 Budget sees a notable increase of K2.810 billion, with revenues reaching K23.394 billion. A growth of K3.811 billion from the previous fiscal year's K19.582 billion. The positive trajectory is evident in the reduction of the budget deficit by K1 billion, showcasing a fiscal strategy where revenues outpace expenditures. “Projections indicate a significant boost in the economy, with an expected growth from K111 billion in 2023 to K122 billion in 2024, surpassing the K79 billion benchmark set by the previous O’Neill government.” The Marape Government, steadfast in its commitment to fiscal responsibility, continues its budget repair programme with the ambitious goal of achieving a surplus budget by 2027 and the potential to retire all debt by 2034.