Business Momase News

Sumkar: Gov’t should do more to promote growth in small businesses

by Mickey Kavera – EM TV, Port Moresby

During budget debate in parliament yesterday, Sumkar MP Ken Fairweather called on the government to do more to promote the growth of small to medium enterprises.

He told members of parliament to be happy with their budget allocation at the district and regional government levels.

While acknowledging the government’s commitment to SMEs in the 2015 budget, Mr Fairweather expressed concern that a lot of small businesses privately owned by Papua New Guineans have not been given the opportunity grow and participate in big businesses.

“There are a lot of companies here who can’t grow and can’t participate in big business,” he said.

Many small businesses are burdened with high tax, while foreign companies that come in to do business are often overlooked.

“They come and do business and run away; the only thing they leave behind is the infrastructure, while our small business are forced to pay taxes that are affecting their business.

“There must be flat tax system that is fair on all businesses,” he said.

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