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LATEST REVELATIONS EXPOSES THE DEPTH OF PNG'S CRISES

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[PRESS RELEASE]

Former Prime Minister Sir Mekere Morauta said today the skeletons in the closet that the Prime Minister has been trying to hide have now been laid bare for all to see.

“Mr O’Neill can no longer pretend that everything is OK,” Sir Mekere said. “He must drop the spin and the deception and let the people of Papua New Guinea know the full scale of the economic and financial disaster that he has caused.”
Sir Mekere said Friday night’s speech by the Treasurer, Patrick Pruaitch, and the release at the same time of the 2016 Final Budget Outcome, demonstrate conclusively that the Prime Minister has been misleading the nation.
“Everything that I have been saying for the past five years, along with Opposition Leader Don Polye, his deputy Sam Basil, and respected economists and other commentators, cannot now be denied,” he said.

“The nation is in crisis, and the only solution is to get rid of the Prime Minister and his advisers who are responsible. The longer it takes for this to…

WORLD SHAME: BROKE PNG LOSES VOTING RIGHTS IN UN OVER UNPAID ANNUAL CONTRIBUTIONS

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UN announcement highlights recent problems with the PNG Government's payment of bills Comes after state-owned electricity provider cut services to several government agencies over failure to pay bills Five other countries — Venezuela, Libya, Sudan, Cape Verde and Vanuatu — have also lost voting rights for non-payment Papua New Guinea has lost its vote in the United Nations General Assembly because it failed to pay its annual contributions. Papua New Guinea has lost its vote in the United Nations General Assembly because it failed to pay its annual contributions. PNG needs to pay the UN at least $180,000 to regain voting rights. It is one of six countries whose voting rights have been suspended for non-payment — the others being Venezuela, Libya, Sudan, Cape Verde and Vanuatu. The UN's announcement highlights recent problems with the PNG Government's payment of bills. It comes after the state-owned electricity provider, PNG Power, cut services to the country's nati…

GOVERNMENT CHALLENGED TO PROMOTE THE PNG MUSIC INDUSTRY

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by AUGUSTINE EMIL

Music Industry, like the Sports Industry,should be given a thought from the Government to generate income and revenue from the raw and unique talent that it possess. Sports and Music are fairly identical talent oriented fields in which the govt has overlooked the potential in the Music Industry to fund it, nurture it, and expose it abroad combining it with our unique diverse culture and the admirable tradition that we have anywhere in the World.

Successive Govts have prioritised Billions of Kina in Sports in which I think its a complete desolate waste but should give a balanced nod on both fraternities alike. The heavily funded Sports like Rugby League, Union, Soccer, Basket Ball and others has never brought pride and jubilation to our country in the International arena.

The rewards and achievements of Gold, Silver and Bronze attained by Sporting elites has no economic value in revenue aspects for PNG but remain simple household decorations that only the family and i…

IMF Article IV Suppression – A Poor BPNG explanation - MORE GOVERNMENT COVERUP

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by PAUL FLANAGAN

The Bank of PNG, the legislatively independent central bank for the country, lost significant credibility in its recent justification for why PNG has joined the bottom 2 per cent of countries in refusing to release the standard IMF Article IV report on countries (see here).  It remains the only country in the East Asia and Pacific not to release an IMF Article IV report undertaken in 2016.
BPNG provided six “critical issues” for refusing to release the report.  However, on closer examination, there was only one critical issue (fake GDP numbers used by the PNG Treasury).  And that should be the responsibility for the PNG Treasurer to release a statement on why the PNG was suppressing an independent assessment  by the IMF of the PNG economy.
What is the O’Neill government trying to hide on its management of the PNG economy?
International investors will easily through see this statement. PNG’s economic standing and credibility has received a severe down grade wi…

FRIGHTENING GOVERNMENT PERFORMANCE IN 8 KEY AREAS OF THE ECONOMY

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NATIONAL BUDGET SPOOKS PRIVATE BUSINESS AND INVESTMENT IN PNG

byWILSON TALAG Economist Paul Flanagan's recent remarks that appeared in PNG Blogs and elsewhere highlight 8 key areas of what looks to be looming financial disaster.  Mr Flanagan's enlightening report is the basis for this discussion and why the performance of each one of the key areas has started to  spook business and investors.  The seriousness of PNG’s current financial situation is becoming very clear.   A little over a week ago the government came very close to failing to come up with the year end public servant pay.  This near disaster occurred despite supplementary budgets designed to avoid such unexpected money shortages.   Another red flag flying high and warning that behind the scenes, PNG's finances are rapidly deteriorating under the O'Neill government.

The 8 key areas of concern are (1) Government lies over the actual size and growth of the PNG economy, (2) Discrepancies  over GDP economic gro…

RAMU 2 BLOWBACK LUPARI AND DUMA ORDER CHINESE STYLE CENSORSHIP ON GOVERNMENT AGENCIES - GOVERNMENT SOURCE

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PNGBLOGS

WHO IS RESPONSIBLE, LUPARI, THE CHINESE, OR WHO? IF PNGBLOGS GOES BLACK ON PNG COMPUTER SCREENS NEXT WEEK, WE WILL KNOW WHY - IT WILL BE THE RE-CREATION OF A PAUL PARAKA BANANA REPUBLIC STYLE THREAT THAT FINALLY WORKED:

In 2010, Paul Paraka, the number one corrupt lawyer in the country according to the Commission of Inquiry into Department of Finance fake payment scams, did something that even today goes down as one of the most banana republic kinds of reactions ever seen in PNG. Here's what happened. When the government Commission of Inquiry on massive theft totally hundreds of millions of kina submitted their report in Parliament, Paraka immediately obtained a court injunction to make it illegal for any Papua New Guinean to read or be in possession of the report and learn about the allegations against him and 18 other lawyers. Included amongst the accused is current Chief Minister Isaac Lupari, alleged to have stolen more than K2.7 million. Paraka's strategy to keep …

A SPECIAL REPORT ON THE 2017 BUDGET TO BE HANDED THIS WEEK - A BUDGET STRUCTURED FOR FAILURE TO KEEP PNC IN POWER

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by JASON P KANGOMA

Treasurer Patrick Pruaitch is scheduled to hand down the 2017 Budget in Parliament this week. Given that 2017 is election year, the Budget is certain to be dominated by the usual O’Neill Regime spin and deceit, along with wasteful and irresponsible spending measures.
But the central feature will be drastic cuts to essential social services such as health and education, and further suffering for ordinary Papua New Guineans.
Every successive O’Neill Budget has been a failure, creating more problems than they solve, and driving the nation further towards total collapse.
This special PNG Blogs report reveals the ongoing damage Prime Minister Peter O’Neill’s corruption, greed and mismanagement is doing to Papua New Guinea.
POVERTY INCREASING UNDER O’NEILL REGIME The new announcement by the O’Neill Regime that it has obtained a K1 billion rescue package from the Asian Development Bank proves that Prime Minister Peter O’Neill’s economic and financial policies are continuing to …