Category: PNG Budget 2018

2019 Budget Strategy – Counting the chickens before the eggs are hatched “There are many serious questions that the Treasurer needs to answer to restore any credibility to the governments so-called 2019 Budget Strategy. Let me focus on the two new elements to this strategy. The first is breaking with tradition and declaring the government’s […]

Read more

“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 […]

Read more

“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 […]

Read more

“PNG is in a deep financial crisis. In such circumstances, it can be difficult to find a way out. Sometimes, going back to basics is the key – back to the fundamentals of good economic management leading to improvements in confidence. Better confidence can stimulate more investment and then higher growth and then more revenue […]

Read more

“Getting PNG’s non-resource growth rate back to at least 5 per cent per annum requires more, better quality and better targeted investment in our country’s infrastructure. Recent years have seen massive real cuts in the government’s support for infrastructure of 51% between 2015 and 2018. This is a cause for PNG’s poor growth prospects from […]

Read more