NATIONAL BUDGET INCOMPLETE - NAMAH

BELDEN NAMAH, MP

We now have two budget speeches; one presented on the floor of Parliament on the 18th November, 2014 and the other one has been distributed outside of parliament as of this morning.
We, the Opposition, maintain that the presentation of the 2015 budget is improper and incomplete and borders on fraudulent misrepresentation by the government.

I want to highlight to the people of this country how ill-prepared the Prime Minister is.
This is the first time in the history of this country and the commonwealth nation’s we are affiliated with that a government has come to the floor of parliament with an INCOMPLETE BUDGET; And for that matter distribute the budget speech outside of parliament.

The Treasurer’s speech on the 18th of November on the floor of Parliament and the recently distributed speech shows a slight change on Page 4 of the Speech.

The Budget Speech being distributed recently clearly shows there is a paragraph which was added in but was never on the first speech delivered to us on the floor of Parliament. The paragraph added on makes reference to the controversial K3 billion UBS loan as shown below;

“Mr Speaker you will recall that earlier in the year (2014) the opportunity to purchase oil search shares arose and the O’Neill-Dion Government made a decision to purchase a 10.1% in Oil Search as part of the 2014 supplementary budget and in accordance with section 209 of the constitution we have appropriated for interest payments and it is anticipated that in the next month National Petroleum Company of PNG will refinance this transaction and take ownership of the shares”.

Members of Parliament and the people of this nation, I would like to point out that there has never been a 2014 supplementary budget presented early this year and that the UBS loan has never been debated on the floor of parliament nor passed through parliament debate. We have attended parliamentary sittings; we do not recall the Prime Minister presenting a supplementary budget in accordance with section 209 of the constitution to sanction the UBS loan.

At the hype of the Ombudsman Commission’s referral of the Prime Minister and the UBS loan and his subsequent referral by the Public Prosecutor and the letter by the chief justice to attend the tribunal; this clinical and surgical Prime Minister tried to curtail into the budget speech to legitimize his criminal action and I have no reservations when making that statement,

I want Papua New Guineans to know that the Prime Minister clinically and surgically curtailed the statement and this can be seen as in breach of the constitution.

The treasurer can be held responsible and the Opposition is considering referring the Treasurer to the Ombudsman Commission for misrepresentation, for fraud and for lying to this country.

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