ANALYSIS ON OVERSPENDING EFFECT BY O'NEILL GOVT 2014 DEFICIT BUDGET ON PNG'S STATE OF THE ECONOMY
HOT AIR? BY SAM BASIL MP To the citizens of Papua New Guinea (PNG), before the 2015 Budget is announced, you would’ve been following several statements I released about the 2013 Budget, the 2014 Budget and its negative impact to PNG’s current state of economy. My commentary has provided visible evidence, further supported by intellects and reputable citizens in their long-standing positions within each industry, on the financial mismanagement of the economy by the current O’Neill-led government. The statements I delivered, on O’Neill’s running of the economy, was only to ensure that the Opposition gave alternatives to ensure we get best economic outcomes for our country and all citizens. This has fallen on deaf ears and eyes as PNG further moves to an economy on the brink of “meltdown” as the next budget will be far higher than the last two Budget deficits with no avenue to repay; the O’Neill-led government is to blame for this situation we, as a country, are facing financially