Category: Economy

Increased EITI transparency very welcome – but where did all the money go?

“The Alternate Government welcomes more information being made available about resource revenues. The Extractive Industries Transparency Initiative (EITI) is a very positive step forward. The release of the 2015 and 2016 reports shows the professionalism of the EITI Secretariat and the committee which supports them. Treasurer Abel’s support for the initiative is welcome, following in […]

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The Central Bank quarterly economic bulletin this week confirms the O’Neil Government’s Economic Recovery Plan was based on mythical figures to support outcomes that cannot be achieved, the Opposition Leader, Hon. Patrick Pruaitch, said today. BPNG’s bulletin showed total public-sector debt blew out to K23,856.7 million at the of September quarter, surpassing the projection for […]

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Economic growth is strengthening around the world while PNG’s performance has toppled from being among the best performers to rank among the Asia Pacific’s worst performers. The Leader of the Opposition, Hon. Patrick Pruaitch, said today mismanagement of the PNG economy in the past six years has contributed to dismal outcomes with the PNG’s Gross […]

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“The Alternative Government welcomes the increased budget transparency efforts from the Treasury, Charles Abel. This includes the unexpected preliminary release of what actually happened in 2017 as well as paid advertisements for community input to the 2019 Budget Strategy. In Parliament on 13 February 2018, the Treasurer gave a speech on the 2017 Final Budget […]

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