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ECONOMIC PERFORMANCE 1985 88
THE ECONOMY IN 1989
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Australian dollar balance of payments Bank of Papua Bougainville Copper Limited budget closure CN H H commercial commodity prices Consumer Price Index cost decline deficit domestic economy expected to grow external fiscal fixed capital formation forecast foreign exchange reserves Gross Domestic Product gross fixed capital H 1 H H CN H H H H N H impact import duty income increase indexation indirect taxes inflation infrastructure Kina macroeconomic medium term million in 1988 mineral and oil mineral and petroleum mineral sector minimum wage mining monetary nominal terms non-mining private sector o o o outlook Papua New Guinea percent in 1989 percent in nominal percent of GDP petroleum projects production Programme projected to grow real GDP growth real terms real wages reducing stamp duty terms of trade toea per litre withholding tax