PNGBLOGS

PNGBLOGS Papua New Guinea is in economic recession, according to leading Australian academic economist Paul Flanagan, who is an expert on PNG. This is revealed in his analysis (at his www.pngeconomics.org blog) of the latest official numbers from the Bank of Papua New Guinea and the National Statistics Office. The official numbers show Prime Minister Peter O’Neill, Treasurer Patrick Pruaitch and Finance Minister James Marape are telling lies when they say the economic is healthy and everything is under control. Mr Flanagan says the recession began in early 2014, and the official numbers show that it is  continuing. This means Papua New Guineans’ standard of living has been falling since 2014. In other words, O’Neill has wasted the riches flowing from PNG LNG and the three years of high GDP growth he experienced when he became Prime Minister. Papua New Guineans are poorer today than they were at the start of 2014 because of O’Neill’s waste, corruption and mismanagement.   Fla

by PONOWI SIWI REMO WHEN PEOPLE NEED TO BORROW OTHER PEOPLE'S MONEY FAST, THEY ALWAYS PAY THE PRICE:  They get less money at more cost and this is what Peter O'Neill is doing right now. He's not mortgaging PNG's wealth, he will be destroying it. China is a massive sea of humanity, 1.35 billion out of the total world population of 7.4 billion. Much of China's land is desert. There is a massive concentration of population along the coasts and fertile river valleys. As the population has continued to grow, land has become more short, and people struggle just to grow enough food to eat. The massive rural impoverishment has caused a spillover into urban areas. People are packed like tinned mackerel in many of the cities. They have virtually no living space and certainly will never own any land. They will never own their accommodation in most cases, unless it is a tiny little apartment where an entire family is packed. Think of how you would feel if you were fo

by ELIZAH PAMA This article analyses PETER O’NEILL’S LIKELY RESPONSE TO THE PETITION presented by the Students at UPNG and it is based on his initial reaction when receiving the petition. The article also contextualises with O’Neill’s entrenched character. The students of Papua New Guinea in major universities and colleges led by UPNG have Thursday presented their petition to Prime Minister Peter O’Neill through his proxy former activist and now governor, Powes Parkop. The presentation was witnessed by more than 15,000 people who congregated at the University of PNG Forum Square well before the arrival of PM O’Neill’s delegates. For reasons only known the O’Neill, he refused to receive the petition from the students himself. The Petition was presented at around 3 pm whereby the Prime Minister was given 24 hours to respond and Governor Parkop promised that he would deliver the petition right away. PNG Loop news reports at 5:16pm the acknowledgement of receipt of the petition by the P

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

  by SAM BASIL MP Low Oil Prices/Stockmarkets Share Prices Plummeting Further Exposing UBS Loan and impact on PNG’s economy As Deputy Opposition Leader (DOL), I have issued several statements about the mismanagement of Papua New Guinea’s (PNG) economy since 2012 by the O’Neill-led government. I have revisited the reality of them in recent days following developments in Bulolo and the Morobe Province in delivery of services to the rural areas. As any elected member of Parliament regardless of party membership, it is our duty to make statements on our directions of PNG and what our future looks like under this PNC-led government. With Parliament member’s silence, they have deliberately exposed PNG to high debt spending with figures now stating that our economy is on the decline and rather than reduce DSIP’s/PSIP’s, they are now thinking of increasing GST, impacting heavily on our citizens; I will not be supporting the Bill, to increase GST/VAT! One specific decision that O’Neill dire

by YAKAN LEPAKALI This article stems from Sunday Chronicle (July 26 2015) titled “Budget Cut and East Sepik to lose K276 million in 2016”. According to the above article, public machinery in ESP is into crisis management mood to make adjustments and take drastic steps with stringent measures to cut back on unnecessary expenditure and tighten up in readiness for 2016 budget cut. The article merely featured East Sepik Province; however, same is true with the other provinces in the country. Yet, intriguingly, nothing much is heard from the respective provincial administrations and perhaps waiting for the dream rainfall. Should K276 million cut in reality is somewhat true for all provinces, it is to the tune of K6 billion plus. We don’t know yet how many national departments and state institutions will have their share of the cut in 2016 budget. It was also speculated that DSIP will also suffer cut courtesy of this ruthless totalitarian regime. The predictability o

by SAM BASIL MP, Deputy Opposition Leader The Opposition have always been critical of how Papua New Guinea’s (PNG) economy has been financially mismanaged by the O’Neill government and we still believe this, when the 2015 Pacific Games has placed a further financial burden on PNG’s economy. As Deputy Opposition Leader, I do not question that all those associated with the 2015 Pacific Games, held here in PNG, should be acknowledged for a successful event given the short time span to organise; credit must be given to all these professionals, volunteers and sponsors for their commitment and determination. But the reality check needs to occur when the Pacific Games have left PNG’s shores and we are reminded about the recession we are currently in, and the loans that the O’Neill government have exposed PNG to; both issues will be strongly denied by the O’Neill government through their media propaganda announcements. What the O’Neill government won’t tell you, is that most major s