Header Ads

PNG OPPOSITION'S REPLY ON BUDGET WATERED DOWN BY THE GOVERNEMNT

PNG Opposition Leader. Belden Namah. getty images. 
The Government and members of Parliament watered down Mr. Namah's reply, describing it as wild allegations, without supportive evidence.

"National Planning Minister Charles able said the budget went through and exhaustive consultation process and not just plucked out of the blue.

He also said the supplementary budge is not to deficit, because it is a re-appropriation. 

The controversial issue of PNG obtaining a 6-billion US Dollar loan from China's Exim Bank was also addressed.

Minister Able said there is no such loan but government is considering this among it's financing options. 

He also dispelled allegations that there is no annual funding for the Bougainvile Peace Agreement Program. 

Finance Minister James Marape said there were over 16-billion kina of projects for the department to consider but they have been mindful of it's fiscal management enabling it to present this budget which he termed as responsible

After lengthy debate, Parliament unanimously passed the 15-billion Kina 2014 National Budget, last night.

No comments

Thank you for visiting this web page. We would like to hear from you, feel free to comment below.

Powered by Blogger.