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A Sign of Economic Meltdown Looming Courtesy of O’Neil Regime.

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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

WHERE IS ALL THE MONEY GONE TO?

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OP/ED The 11th Mining and Petroleum Conference in Sydney, Australia kicked off yesterday. And in a packed room, PNG’s Oil Search Limited, a major partner in the LNG project, shocked the experts and government officials including ministers from both countries that it has spent a whopping K11.931 billion in oil benefits between 1992 and 2009. And that is nothing on the ground to show for this money, the company says. That is the verdict from oil industry supremo Dr Peter Botten of Oil Search Limited who said there was “no significant appropriate improvements in living standards” had occurred to Papua New Guineans from billions of kina received by landowners, provincial governments and the national government as resource benefits over the last 17 years. Today we are told some 200 people have died from cholera in Western Province. Apart from Cholera, TB, Malaria, HIV/AIDS, Cancer and many other diseases are killing our people. The National Department of Health has admitted that our health

WHERE IS ALL THE MONEY GONE TO?

Image
OP/ED The 11th Mining and Petroleum Conference in Sydney, Australia kicked off yesterday. And in a packed room, PNG’s Oil Search Limited, a major partner in the LNG project, shocked the experts and government officials including ministers from both countries that it has spent a whopping K11.931 billion in oil benefits between 1992 and 2009. And that is nothing on the ground to show for this money, the company says. That is the verdict from oil industry supremo Dr Peter Botten of Oil Search Limited who said there was “no significant appropriate improvements in living standards” had occurred to Papua New Guineans from billions of kina received by landowners, provincial governments and the national government as resource benefits over the last 17 years. Today we are told some 200 people have died from cholera in Western Province. Apart from Cholera, TB, Malaria, HIV/AIDS, Cancer and many other diseases are killing our people. The National Department of Health has admitted that our heal