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Over half of the second supplementary budget is funded by donor partners.
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Dr Ngangan said an upcoming supplementary budget will resolve the issue.
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The first package already included a debt-financed supplementary budget of 156 billion euros.
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The bulk of that will be included in the supplementary budget.
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The IMF said the coming supplementary budget would not bring government accounts into balance.
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Meanwhile, the parliament also approved a US$11 million supplementary budget on Friday.
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The Papua New Guinea Treasurer Patrick Pruaitch says an early supplementary budget is likely.
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The Vanuatu Government is expected to present a supplementary budget when parliament resumes on Friday.
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Siptu has today condemned Ibec's call for social welfare cuts in next week's supplementary budget.
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It said a supplementary budget should be introduced soon.
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Today's supplementary budget was difficult but fair and will protect the vulnerable, the Green Party said.
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Papua New Guinea's government is expected to introduce a supplementary budget when parliament resumes in January.
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Social partnership talks are to resume today after they were halted just before the supplementary budget.
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Finance Finance Sili Epa Tuioti revealed that in his supplementary budget address in Parliament this week.
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The opposition claimed it was only given less than 24 hours to scrutinise the supplementary budget.
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A government source had told Reuters on Friday that a 150 billion euro supplementary budget was underway.
