Business News

PNG Economy Stable, says Finance Minister

By Fabian Hakalits – EMTV Port Moresby

Finance Minister James Marape maintains that the Papua New Guinea’s National Government’s economy is stable and not broke.

The Finance Minister made this comments when responding to questions raised by West New Britain Governor, Sasindran Muthuvel in Parliament on Friday morning (13/02/15).

Governor questioned if PNG’s economy was on target, and if the 2015 District Services and Provincial Services Improvement Program funds were ready.

But Finance Minster James Marape maintains the country’s economic growth is secured and stable as the current government was closely monitoring expenditures.

Finance Minister told Parliament that in 2014, National Government fulfilled ninety-seven percent of the total budget. Three percent of which is for deferred projects.

The District Services and Provincial Services Improvement Program funds will be released soon.

However it will only be released to the MP’s who submitted acquittals.

https://youtube.com/watch?v=LCa9fMZBa34%3Ffeature%3Doembed%26wmode%3Dopaque%26showinfo%3D0%26showsearch%3D0%26rel%3D0

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