Prime Minister James Marape has said the 2026 National Budget, to be delivered on Tuesday by Treasurer Ian Ling-Stuckey, will consolidate Papua New Guinea’s economic gains, reinforce public services, and advance long-term development priorities under the Medium Term Development Plan IV and the national Reset PNG@50 agenda.
For the first time in the country’s history, the National Budget will surpass the K30 billion mark, with over 88% funded through domestic revenue, achieved without introducing new taxes. The Prime Minister said the fiscal performance reflects disciplined long-term planning and a growing domestic economy.
“This Budget is fully aligned with the Government’s 13-Year Budget Repair Plan, which sets a clear pathway to reduce national debt, strengthen revenue systems, and restore long-term fiscal stability,” Marape said. “Our debt-reduction programme is tracking on target, and in 2026 we anticipate one of the smallest deficits in recent history, bringing us closer to a balanced budget by 2027.”
The Prime Minister emphasised that the increase in domestic revenue is not the result of new taxes but the expansion of economic activity and stronger compliance across revenue systems. “This shows that our economy is growing sustainably, and that the measures we have implemented over the past five years are bearing fruit,” he said.
Marape said the Budget would focus on continuity rather than dramatic shifts, prioritising essential services such as health, education, and law and order. “The 2026 Budget will present no surprises. It maintains stability, consistency, and disciplined planning. We are staying the course to ensure effective services and responsible growth,” he said.
Recurrent expenditure will be carefully managed to ensure that salaries, goods, and services for key government departments are fully funded. Investment in infrastructure and provincial service delivery will continue, with an emphasis on projects that deliver tangible benefits to citizens.
The Prime Minister also highlighted that the Budget is designed to support inclusive growth, strengthen local governance, and reinforce PNG’s long-term development strategy. “We are building a future where public resources are used efficiently, services reach the people who need them most, and our nation’s development trajectory is sustainable,” he said.
Marape concluded by underlining the Government’s commitment to fiscal discipline, transparency, and long-term planning as the foundations for national stability. “The 2026 Budget is not just a financial plan; it is a statement of confidence in Papua New Guinea’s future and a continuation of our commitment to economic resilience and inclusive growth,” he said.