LatestGoods & Service Tax (GST) 7 October 2026
PNG Gov't GST Waiver Impact Minimal, Says Report
The government’s decision to eliminate the goods and services tax (GST) in Papua New Guinea has saved only eight toea for every Kina, a figure described as negligible by officials. Despite the policy’s intent to boost consumer spending, the actual financial relief appears almost unnoticeable, prompting questions about the effectiveness of the tax cut in stimulating the economy.
The recent removal of the GST was expected to put more money in citizens’ pockets, but the savings amount to just eight toea per Kina, a sum many consider too small to make a difference.
- Savings impact: Only eight toea per Kina saved.
- Public reaction: Minimal change felt by consumers.
- Policy goal: Boost spending, but effect appears limited.
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