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PUBLIC FINANCE MANAGEMENT DISASTER

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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’Neill and Mr Vele, …

IMPLICATIONS OF THE Sovereign Community Infrastructure Treasury Bills (SCITB)

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