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Marape Government placed Papua New Guinea in more devastating debt burdens like never before in PNG's history.
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(?) ???????? ????????? ?? ?? ??????? ??????? ??????? ?? ?????????? ??????????. ?? ????????? ?? ?? ???? ???????, ???????? ????????? ????? ?? ???? ????? ?? ??? ?????????? ?????????? ???? ?? ???? ?? ???????? ??? ?????? ?? ??????. ????, ???????? ?????? ???? ??? ? ?????? ???????? ???? ???????? ?? ??? ?????????????? ????? ??? ????????? ????????????.
?. ??? ????? ?? ????????? [???????? ?????] ?? ? ??????? ??.? ???????, ???????????? ??% ?? ??? ???? ??????.
?. ??? ???? ????????? ?? ???? ?? ?????? ?????????? ?? ?? ???? ??? ??-??????? ???????????, ?????? ???? ??????? ??????????? ?? ???????? ???????? ???? ????? ???????? ???????? ??????? ??? ????????? ??????. ???? ???????? ??? ?? ??? ????? “????? ?? ??? ???? – ????? ??? ???? ?? ?????? ??? ??”.
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![A Letter to the Prime Minister of Papua New Guinea - I am writing to you with a heavy heart and a sense of urgency. As a leader chosen by God and highly respected by your people, I know you have the power to bring about positive change in our nation. Read more news and stories here. Watch online news and documentaries about Papua New Guinea here. [email-subscribers-form id="2"]](https://papuaniugini.org/wp-content/uploads/2020/01/jm17-1024x377.jpg)
Comment by Paul Barker, Executive Director at Institute of National Affairs via LinkedIn.
PNG’s debt to GDP reached a severe level of around 70% at the start of the 2000s, but this was successful reduced largely through economic growth and some debt reduction through the economically productive 2000s. But then since 2011 we’ve been borrowing again every year, debt levels rising, plus debt to GDP expected to reach nearly 53% in 2023. It’s true, that like many developed and developing countries, PNG borrowed heavily during the years of the Covid19 pandemic, when revenue was well down, with reduced commodity prices and global trade ( except for gold- but then we’d closed ghe Porgera mine, which was unfortunate)