32 C
Port Moresby
April 21, 2021

PNG Economy Stable, says Finance Minister

Share the News

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 commen’s 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.


Related posts

CTSL Announces Net Surplus after tax of K20.87 Million

Meriba Tulo

Schwarzenegger takes “Golden Icon” award at Zurich Film Festival

EMTV Online

‘Bel Kol Ceremony’ Must Happen

EMTV Online
error: Content is protected !!