Government policies have contributed to a decline in PNG’s economic performance since 2013 with ongoing mismanagement continuing to have negative impacts even though commodity prices have risen, Opposition Leader Patrick Pruaitch said today. Mr. Pruaitch said that in PNG, the best indicator to growing or declining levels of prosperity is provided by employment trends. “Jobs […]

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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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“The Alternative Government welcomes the recently released international survey on budget transparency and Treasurer Abel’s commitment to budget open-ness and accountability. This is an excellent initiative led by the Institute of National Affairs in PNG. It is unfortunate that PNG’s score dropped from 55 out of 100 in 2015 down to 50 out of 100 […]

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“The Alternative Government welcomes Prime Minister’s increasing engagement with PNG businesses and a renewed understanding that PNG must embrace the opportunities of the Indo-Pacific region. The Alternative Government also agrees that the key issues facing PNG businesses include on-going foreign exchange shortages, a lack of support for PNG’s small and medium-sized enterprises, a slowdown in […]

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