PETER O'NIELL HAS RAPIDLY DESTROYED PNG
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