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22.06.2015 16:02:00
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Papua New Guinea, Government of -- Moody's: Papua New Guinea's government faces increasing fiscal and external risks
Singapore, June 22, 2015 -- Moody's Investors Service says that lower commodity prices have adversely affected Papua New Guinea's government's fiscal balance and the country's external payments position. Revenue has come in under budgeted projections, while the current account's return to a surplus last year has not been sufficient to avert an ongoing fall in foreign currency reserves.
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