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The need for fiscal discipline

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  • Ron Duncan
  • Ila Temu

Abstract

Breakdown of fiscal discipline in Papua New Guinea has resulted in macroeconomic problems, despite high and growing levels of resource rents. It is recommended that the proposed National Economic and Fiscal Commission become an independent organisation, accountable only to Parliament, with broad fiscal review powers to monitor and advise on fiscal policy and to increase the transparency and public discussion of the national budget.

Suggested Citation

  • Ron Duncan & Ila Temu, . "The need for fiscal discipline," Pacific Economic Bulletin, Pacific Economic Bulletin Papers, vol. 10(1), pages 14-18.
  • Handle: RePEc:een:pebwps:318
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    File URL: https://crawford.anu.edu.au/pdf/peb/PEB10-1duncan_and_temu.pdf
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