PNGBLOGS

by  IVAN KEAS CPA Introduction PNG is a growing economy in market and business and it’s not limited in its investment capacity. It is open and wide that can efficiently allocate and distribute investment resource within its system. The West Minister Government and the Indigenous values have resembled this attributable development trait that complements the structure to adapt well with relative ease and it’s been appreciated as an integrated enabling cross-cutting culture that posses commercial and economic respect. The values have held the tenets of our democracy and loyalty to our heritage that affirms Human to be a distinguishable creature. We hold this truth as it stood the test of time in our Constitution. Papua New Guineas do not have any problem with its People, System, and Economy. She is young, cute, virgin, wealthy, rich, energetic, adventurous and attractive because of its beauty and its people. Notably, PNG Economy is an interdependent economy and majorly generates

by PAUL FLANAGAN Summary PNG politicians are failing their people. Their poor policies have led to dramatic declines in economic well-being – an extraordinary fall of over one-third since 1980. This is revealed by applying new numbers from the PNG National Statistics Office (NSO) and International Monetary Fund to PNG’s economic history. From 2012 to 2017, under the O’Neill government, average economic well-being for the people of PNG has declined by 2.8%. This reverses positive economic gains of 8.4% from 2000 to 2012. PNG is returning to the poor economic performance it experienced during the 1980s and especially the 1990s – lost decades for development. This is a shame. From 1980 to 2017, economic well-being in PNG per citizen declined by an extraordinary 40.4 %. This is a development failure. In contrast, the resource sector has grown strongly.  It is now 48.1% larger per capita than in 1980. The resource sector boomed by 62% during the 1990s when the no