By Meriba Tulo – EMTV News, Port Moresby
Finance Secretary Dr Ken Ngangan has welcomed the appointment of new Finance Minister Sam Basil, saying this critical department would work with the new Minister, especially in the areas of strengthening the public finance management system.
In a statement this afternoon, Ngangan said that whilst the national economy continues to face many challenges with uncertainty in the global economy, the government has clearly articulated the approach for the Department of Finance to ensure financial stability and maintain growth in the economy. As such the department would continue to be prudent in expenditure of government finances under the minister’s leadership and ensure ongoing positive economic growth, particularly to remote and rural communities which is a core focus of government, and reaffirmed by minister Basil.
Secretary Ngangan added, that the Minister’s District of Bulolo has been championing the building of infrastructure, particularly in information technology infrastructure to support service delivery, and his experience would guide the department well in the roll-out of the Integrated Financial Management System to the sub-national levels of government.
The Minister has already met with Senior officers from the Department, with a formal handover-takeover with the outgoing Minister expected this week.