PNGBLOGS

ALL INSTITUTIONS OF STATE COLLUDE IN INSTITUTIONALISATION OF CORRUPTION. by LEKEM LAKI Intriguingly it is becoming very scary with the psychopath and pathological liar Peter O’Neil at the helm as Prime Minister remotely in control of the country. A lot has come undone by this ruthless regime whilst he and cronies make a good killing. He has cleverly strategized to make all institutions of state become powerless or virtually being paralysed evident by prolonging of milestone court cases against PO and those of his close associates and others getting suspended sentence. Every institutions of state are manipulated or intimidated in a way to remain mute or collude to leverage Peter O’Neil and his political cronies to hugely prosper at the expense of the naïve people of PNG. My heart is pained to envisage people power is not rising to the occasion. The civil society appears paranoid and pessimistic but for what and why? Students alone can’t fight the monster. The students hav

Dear Honourable Members of Parliament.  Papua New Guinea is not broke but only one person is holding this country to ransom, and the consequences will adversely affect your political careers. if you allow Peter O'Neil to be in power after 13th June, 2016, the default date of the UBS loan, UBS will likely declare PNG insolvent. Meaning PNG government can print K3 billion but we do not have the foreign currency to convert this printed money. World Bank is already in the country, they are funding roads and infrastructures now, after we've been declared insolvent under Peter O'Neil. World Bank IMF will give us money for Budget Support with the following austerity measures: 1. No DSIP/PSIP 2. NO Free Education and Health Care 3. Budget cut by 60% 4. Customary Land Mobilisation Program The stoppage in DSIP/PSIP funds will affect most the programs you honourable MPs have created and you will end up loosing your seats. Many other consequences you might face. Tuesday is

by MICHAEL JOSEPH PASSINGAN O’NEILL GOVERNMENT MPs PUTTING HUNDREDS OF MILLIONS OF KINA FOR HOSPITALS INTO THEIR OWN SLUSH FUNDS Every day thousands and thousands of sick people queue up at hospitals and health clinics across the country seeking treatment or medicines for themselves or their loved ones. But as Prime Minister Peter O’Neill and his colleagues and cronies steal more and more money, borrow more and more money and waste more and more money, those people are increasingly being turned away. It does not matter how sick you are or who you are. Children with infectious diseases, pregnant mamas, bubus with heart illness, people suffering from malaria or TB, diabetes and hepatitis patients – all are being turned away. PETER O’NEILL SLASHING HEALTH BUDGET Welcome to Papua New Guinea under the O’Neill Regime. PNG Blogs recently revealed how the Prime Minister’s promises not to cut spending on essential services such as health were just lies. According to the 201

by DIANNE RUT Peter O'Neill's long-running legal battles were merely to protect himself. He managed to corrupt the independent institutions like Police and Ombudsman Commisson to protect him. He is spending millions of kina in legal fees legitimised by his corrupt Attorney General Ano Pala. He has cannibalised all the small parties including coalition members.  He has used the DSIP funds as a tool to force MPs to migrate to the Government, leaving the opposition weak numerically. Penetrating the Protected -Judiciary We have witnessed his unrestraint behaviour in exploiting and testing the limits of the Court process, ably assisted by legal predators. It is open secret that a few judges have been compromised in the process and stood up for him.  New Developments O'Neill has manipulated his corrupt government to introduce a bill without notice in Parliament today (23/3/16) to introduce a High Court. The Bill was never in the notice paper, nor was the idea of

by MOODYS CREDIT RATING Moody's places PNG's B1 government ratings on review for downgrade Global Credit Research - 25 Feb 2016 Moody's Investors Service ("Moody's") has placed the Government of Papua New Guinea's ("PNG") B1 local currency and foreign currency issuer ratings on review for downgrade. The review for downgrade is driven by: 1. The impact of the further fall in oil prices on government revenue, fiscal deficits and rising debt; and 2. A likely structural shift to lower economic growth given the increasingly uncertain outlook for commodity-related investments. RATINGS RATIONALE RATIONALE FOR THE REVIEW FOR DOWNGRADE FIRST DRIVER - DETERIORATING FISCAL AND DEBT METRICS Lower oil prices and weather-related disruption to gold production led to weaker-than-expected revenue in 2015, and we expect pressures on revenue to continue through 2016. Although expenditure cuts in 2016 have been announced in respons

by BRYAN KRAMER Prime Minister Peter O'Neill continues to issue misleading statements about the real state of the economy including the Government's true debt levels. On 3rd March 2016 O'Neill delivered a speech before Australian National Press Club in Canberra where he highlighted serious decline in world prices for our oil and gas and our minerals over the last 12 to 18 months has had a serious impact on our economy. "I do not want to sugar coat the pressures that we are facing with our people. We have an open dialogue on what we are doing to confront these challenges" he said. He went on to explain just a couple of years ago - "royalties and taxes from the resource sector totalled close to two billion Kina. Last year it amounted to just 260 million Kina - barely one eighth of the previous year’s revenues, and we expect the same in 2016" he said. He said as a result his Government was forced to revise his budget estimates downwards and liv

PM TURNBULL by PETER WARINE Australia’s nearest neighour and only colony, Papua New Guinea, is on the brink of economic collapse due to grand corruption and mismanagement of the O’Neill Government. The Public coffers have run dry early last year (2015) and PNG has there seems not much left to keep its head above the water.  PNGs economic outlook is bleak. International Rating Agencies have all downgraded PNG to negative gradings. The O’Neill Government conducted roadshows around the world to secure some more loans to ease the cash flow and foreign reserve shortages but to no avail. Even treasury bonds were used to attract investors but were seen as mere toilet papers.  The economic crises has escalated and literally, there is no money to pay the public servants salary –something that O’Neill wants covered all the time as a measure of control public dissent. Whilst trouble is brewing on the island of paradise, life is as usual downunder. Australia has never raised any form o

by MICHAEL JOSEPH PASSINGAN No believes what comes out of Prime Minister Peter O’Neill’s mouth any more. New research has discovered that everything he said on the National Public Debt crisis of Papua New Guinea are all lies. It can be easily demonstrated that the national debt is much higher than the false numbers given by PM O’Neill. That brings bad news for the struggling people of Papua New Guinea, like Public Servants who are not being paid because the nation is bankrupt. Spending on essential services such as health, education, law and order, and transport will have to be cut even more. Mr O’Neill and his conmen are still getting fat on all the money they have stolen and sent to Australia, but the quality of life for the all other citizens is falling faster and faster. HERE IS WHAT IS REALLY HAPPENING For 2015 the annual repayment of official debt of K17.8 billion was K1.5 billion, it says in the O’Neill regime’s own Budget papers. Grade 10 arithmetic tel

by BRYAN KRAMER Yesterday (11/01/16) Post Courier published an article by Gorethy Kenneth headlined "O'Neill: Govt has no interest in Panguna" The report stated "Prime Minister Peter O’Neill has reiterated that the Government has no interest to own the Panguna Copper Mine on Bougainville." It went on to quote O'Neill stating; "There have been suggestions that the Government is keen to buy 53.38 per cent Rio Tinto’s shares in the Australia firm Bougainville Copper Limited. "The National Government is committed to improving the delivery of basic services to the people of Bougainville as a top most priority of our Government, the report said. "Recent decisions, including rebuilding the main roads including Kokopau to Arawa, and to Buin and the awarding of contracts, are clear examples of this commitment. "As I stated in Arawa and in Panguna, the National Government is not interested in talking about anything e

by JACK NAIME Another independent international assessment of Papua New Guinea’s financial management has contradicted the spin and deception by Prime Minister Peter O’Neill, Treasury Secretary Daire Vele and the mainstream media led by the Post-Courier. The report, Poor Financial Management in PNG: Can It Be Turned Around? Is available here: http://devpolicy.org/pngs-financial-management-can-it-be-turned-around-20160112/ . It was written by PFMConnect, a respected international consultancy specialising in developing country financial management. The report slams the O’Neill Government’s financial management and reinforces the criticism of other independent international observers who have exposed the corruption, incompetence and waste that is rife under Peter O’Neill and Daire Vele. Papua New Guinea ranks 21st out of the 24 assessments of Public Financial Management conducted by the IMF last year, according to the report. Most alarming is the fact that under Mr O’N

by BARRY PISIMI On or around September 2012, immediately after Peter O’Neill was installed as the Prime Minister, he (O’Neill) took a huge delegate to China, organised by his sidekick, Ni Cragnolini. It was openly reported that a loan of K6 billion was obtained from the Chinese Export-Import Bank (Exim Bank) to fund certain rehabilitation of ailing infrastructures. One would have thought that PNG Powers rundown and incompatible power generation and distribution equipment would be first priority. NO! The K6 Billion was never appropriated in the 2012 National Budget, nor was it captured in the subsequent budgets in 2013, 2014 and 2015. We really don’t know whether that loan was obtained and if so, did the money ever enter PNG? One of the mandatory conditions of Exim Bank loans is that a Chinese multi-national corporation, mostly State owned enterprises, has to be nominated to deliver the projects identified by the recipient country. Under this arrangement, the funds remain in Chi

by PAUL FLANAGAN PNG is a high-taxing and very high-spending country relative to its Asia Pacific peers . Most of any adjustment to the fiscal balance should therefore occur on the expenditure side. PNG is planning to do this with a drop in the expenditure to GDP ratio from the highest level ever, of 38.1% in 2013, to its lowest level ever, of 24.6% in 2020. PNG has never attempted such a fiscal consolidation – not even to recover from the fiscal crises of the 1990s. Putting this into an international perspective, PNG is seeking to adjust government expenditure by 13.5% of the economy. This is more than double the government expenditure reductions undertaken by  Greece  of 6.3% (from 51.4% of GDP in 2010 to 45.1% of GDP in 2015). Of course, PNG is not facing a Greek-style fiscal crisis (at the start of its crisis Greece had a broadly similar deficit of 11%, but a much higher public debt level of 170% of GDP), but it is planning a similar or more draconian response. PNG is seekin