Budget reliant on success of PNG LNG development
Updated
Papua New Guinea has handed down its 2010 budget at a time of gloal economic recovery and continued strong domestic growth. The nation's capital is expected to continue to grow, with an increase in real GDP of 8-point-5 per cent. Three percentage points of that GDP is expected to be contributed by the construction of the Exxon Mobil-led LNG project.
Total budget revenue is expeted to be around 350 million kina. Our reporter in Port Moresby, Firmin Nanol, was in the budget lock-up yesterday.
Presenter: Geraldine Coutts
Speaker: Firmin Nanol, PNG reporter
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