16 Nov 2004

PNG government says Budget good for growth

7:23 am on 16 November 2004

The Papua New Guinea government says its 2005 Budget, expected to be handed down today, will be responsible, and good for growth.

It's promising no changes to taxes.

Expenditure is to target key investment disincentives, such as law and order problems and deteriorating road conditions.

And the Post Courier newspaper reports the Treasurer, Bart Philemon, as saying the budget will avoid overspending.

Within the social sector, the Budget is expected to provide more money for basic education and primary health care, including the hiring of more teachers, and higher salaries for teachers.