“The Government failed to meet yet another promise in its 100 Day Plan when audited accounts for SOEs and Statutory Authorities for the 2017 financial year were not tabled in Parliament by June. This was Point 19 of the plan – and becomes yet another broken promise. The Alternative Government would fulfil this promise as […]

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“A respected business friend of mine was excellent at keeping people’s feet on the ground. If businesses started becoming wildly optimistic about increased sales or lower costs, he’d look at them and say “Mate, you’re hallucinating”. Tough advice, but good advice from a real friend. Unfortunately, in reviewing recent statements from the Treasurer,  I am […]

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“The international credit ratings agency Moody’s is concerned about economic mismanagement in PNG and has put its credit rating on “negative watch”. This is only the fourth time in the last two decades that PNG has been put on this negative watch, meaning there is an increased chance of a credit ratings downgrade. PNG’s credit […]

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“The big picture outcome numbers for the 2017 Budget look too good to be true – and they are. The Final Budget Outcome (FBO) released by the PNG Treasury on 14 March- the 83 page detailed document after a premature speech by the Treasurer last month – raises massive questions about credibility and trust. There […]

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“In an extraordinary outburst on 22 March, PNG’s Treasurer Abel accused me of “blurting out speculations” and talking “nonsense”. With respect to the Treasurer, it would be more productive if we dealt with facts and the issues rather than issuing emotional comments. The facts are as I stated, and these are available directly from the […]

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The Member for Moresby North-West, Sir Mekere Morauta, said today that the Treasurer’s statement that the Government would consider issuing a bond for K230 million to settle the amount owed to Nambawan Super for public servants who have already retired was a step forward in resolving the long-standing problem for the retirees. “It is not […]

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