The MTDP IV is themed “National Prosperity through Growing the Economy”, focusing on strategic investments to drive national growth, transformation, and prosperity. It incorporates lessons from previous plans and reflects the government’s development priorities and the Prime Minister’s agenda.
Objectives:
- Grow GDP to K164 billion by 2027 toward a K200 billion target by 2030.
- Double internal and export revenues.
- Create one million new jobs by 2027.
Strategic Priority Areas (SPAs):
1. Strategic Economic Investment
2. Connect PNG Infrastructure
3. Quality and Affordable Health Care
4. Quality Education and Skilled Human Capital
5. Rule of Law and Restorative Justice
6. National Security
7. National Revenue and Public Finance Management
8. Digital Government, Statistics, and Governance
9. Research, Science, and Technology
10. Climate Change and Environment Protection
11. Population, Youth, and Women Empowerment
12. Strategic Partnerships
Each SPA has Deliberate Intervention Programs (DIPs) assigned to responsible agencies to guide investments, budgets, and implementation with support from development partners.
Funding:
The plan requires K51 billion through sources like:
- Government capital investments
- Concessional loans and grants
- Public-Private Partnerships (PPP), tax credit schemes, and SOE obligations
- Foreign Direct Investments (FDIs)
- Contributions from civil society and faith-based organizations
Implementation and Oversight:
Funds will be allocated under Public Investment Program (PIP) guidelines. All sectors and regions must align with MTDP IV to access funding. Regular monitoring and evaluation will assess investment effectiveness and policy outcomes, creating a performance scorecard for sectors, provinces, and districts.