PNG Govt approves K600m Support for COVID-19
K600 million will start to flow to the health, security and economic sectors following the National Executive Council’s approval of two major elements of the Marape government’s K5.7 billion coronavirus economic stimulus package.
Treasurer Ian Ling-Stuckey announced this yesterday, saying this was K100 million more than initially planned to ensure the government responded in the war against the virus.
Of that, he said K280 million would go towards health and security measures, and K320 million will be spent on supporting the economic sector – agriculture, households and business.
“The K600m is a significant and timely boost to front-line support for our fight against coronavirus,” he said.
“The spending is carefully targeted to have the biggest impact possible across all geographic regions and economic sectors, and builds on initiatives that we have already taken.”
He said the funding for the initial bond issuance will allow the release of the first tranche direct funding, backed up by allowing key parts of the 2020 development budget to start.
He said this will include K100m of the K200m allocated in the 2020 budget for MSMEs, an amount on top of the K45.5m allocated to MSMEs as part of the Covid-19 package.
HEALTH,SECURITY: K280M nK60 million for upgrading hygiene at potential coronavirus hotspots such as markets, schools churches and aid posts, to be administered by provincial health authorities and district development authorities;
- K37 million to be distributed directly to front-line Provincial Health Authorities as a 22 per cent increase in each of their 2020 Budget funding allocations;
- K30 million for the Department of Health for the purchase of personal protective equipment and other vital health support using international procurement practices as established by the World Bank;
- K60 million to the Royal Papua New Guinea Constabulary, the PNG Defence Force and Correctional Services to strengthen law and order aspects of the war on the pandemic, and to defend all borders against potential disease carriers;
- K73 million to the PNGDF to build 10 border posts as soon as possible, including covering the functions of immigration, customs, quarantine and defence;
- K15 million to the Department of Foreign Affairs and Trade to build capacity at overseas posts and to help repatriate Papua New Guinea citizens trapped abroad; and,
- K5 million of administrative support for churches and city/urban authorities to provide food for those most in need.
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Treasurer Ian Ling-Stuckey announced this yesterday, saying this was K100 million more than initially planned to ensure the government responded in the war against the virus.
Of that, he said K280 million would go towards health and security measures, and K320 million will be spent on supporting the economic sector – agriculture, households and business.
“The K600m is a significant and timely boost to front-line support for our fight against coronavirus,” he said.
“The spending is carefully targeted to have the biggest impact possible across all geographic regions and economic sectors, and builds on initiatives that we have already taken.”
He said the funding for the initial bond issuance will allow the release of the first tranche direct funding, backed up by allowing key parts of the 2020 development budget to start.
He said this will include K100m of the K200m allocated in the 2020 budget for MSMEs, an amount on top of the K45.5m allocated to MSMEs as part of the Covid-19 package.
HEALTH,SECURITY: K280M nK60 million for upgrading hygiene at potential coronavirus hotspots such as markets, schools churches and aid posts, to be administered by provincial health authorities and district development authorities;
- K37 million to be distributed directly to front-line Provincial Health Authorities as a 22 per cent increase in each of their 2020 Budget funding allocations;
- K30 million for the Department of Health for the purchase of personal protective equipment and other vital health support using international procurement practices as established by the World Bank;
- K60 million to the Royal Papua New Guinea Constabulary, the PNG Defence Force and Correctional Services to strengthen law and order aspects of the war on the pandemic, and to defend all borders against potential disease carriers;
- K73 million to the PNGDF to build 10 border posts as soon as possible, including covering the functions of immigration, customs, quarantine and defence;
- K15 million to the Department of Foreign Affairs and Trade to build capacity at overseas posts and to help repatriate Papua New Guinea citizens trapped abroad; and,
- K5 million of administrative support for churches and city/urban authorities to provide food for those most in need.
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