Papua New Guinea on economic life-support, says Opposition Leader Beldan Namah

News that matter in Papua New Guinea

Papua New Guinea on economic life-support, says Opposition Leader Beldan Namah

(Blames former PM Peter O’Neill and PM James Marape)

PORT MORESBY: Opposition Leader and Vanimo Green River MP Beldan Namah (PNG Party) says Papua New Guinea (PNG)’s foreign exchange nose-dived significantly in 12 years under the Governments of Peter O’Neill (People’s National Congress Party) and James Marape (Pangu Pati).

“Our country’s debt-to-gross domestic product now stands at 52 per cent and our borrowing threshold has been raised to 65 per cent which means we will keep on borrowing,” he said.

“After 12 years in the Opposition, I promise Papua New Guineans a different kind of leadership as prime minister.

“I have been properly refined to lead PNG now,” he added.

The General Election 2022 news updates was reported by The National:

‘On economic life-support’

June 20, 2022The NationalMain Stories

By GLORIA BAUAI
OPPOSITION Leader and Vanimo Green River MP Belden Namah (PNG Party) says Papua New Guinea (PNG)’s foreign exchange nose-dived significantly in 12 years under the governments of Peter O’Neill (People’s National Party) and James Marape (Pangu Pati).
“Our country’s debt-to-gross domestic product now stands at 52 per cent and our borrowing threshold has been raised to 65 per cent which means we will keep on borrowing,” he said.
“After 12 years in the Opposition, I promise Papua New Guineans a different kind of leadership as prime minister,” he added.
“I have been properly refined to lead PNG now.
“Under O’Neill, PNG amassed a debt of K26 billion which further increased to K53 billion under Marape.
“That means PNG borrowed a total of K27 billion in just the last three years.
“But the funds were not invested in export-driven infrastructure to see positive returns for the country.
“PNG is now on economic life-support.
“To the people of Morobe, I am here to collect numbers and form the next Government after General Election 2022 (GE22) to bring positive changes.”
Namah spoke at an election rally in Eriku Oval on Friday.
He announced the 11 PNG party candidates for all 10 districts of Morobe and the regional seat and highlighted his party’s agenda.
Namah stressed: “There is no other formula or magic to economic independence but through God which is the approach my leadership will take.
“We will amend the Constitution to have 10 per cent of the National Budgets going towards church-run institutions and services like schools and health centres, and we will work from the bottom-up, focusing on the development of rural sectors like agriculture.
“We will introduce a National Service concept to have every student out of Grade 12 to undergo military training, which should address the attitude problem in our youths and remove lawlessness that is rampant in the country.
“Our country needs an immediate intervention through reforms in sectors of education, health, land, agriculture, law and justice, infrastructure, government and economic, foreign policy review and zero tolerance to corruption.”

Comments

Post a Comment

Popular posts from this blog

Growing unemployment rate in Papua New Guinea

Image
News that matter in Papua New Guinea Growing unemployment rate in Papua New Guinea (Employment stagnant since 2014) PORT MORESBY: Employment in Papua New Guinea (PNG) has remained stagnant since 2014 with millions of unemployed looking for jobs. The formal job market currently can only accommodate between 400,000 and 500,000, Institute of National Affairs executive director Paul Barker says. “As more young people enter the job market this year after graduating from tertiary institutions and schools, the chances of securing formal employment is slim. “Employment had remained stagnant despite the increase in potential workers coming out of educations institutions,” he added. Read on for more details as published by The National : Hard to get jobs January 27, 2022 The National Main Stories By DALE LUMA MILLIONS of eligible workers around the country are looking for jobs in the formal sector, which currently can ...
Read more

Sugu Valley tribal war death toll rises to at least 30

Image
News that matters in Papua New Guinea Armed tribal warriors on the move in Sugu Valley. Sugu Valley tribal war death toll rises to at least 30 PORT MORESBY: At least six tribes have been fighting in Sugu Valley (Kagua-Erave, Southern Highlands) since Feb 10, 2019, without any signs of an end and peace. In fact, the death toll has risen to at least 30, up from 11 on May 23, 2019, and the opening of a new battlefront in Sumbura near Poroma with multiple deaths reported in 24 wards. Armed tribal warriors on the march into the forests and jungles. PNG Cyber Monitor had on a May 25, 2019, posting ( https://pngcybermonitor.blogspot.com/2019/05/real-life-rifles-bows-and-arrows-bloody.html Real life rifles, bows and arrows bloody fights in PNG ) highlighted the bloody battle waged by tribal warriors armed with rifles, bows and arrows and knives. PNG Cyber Monitor is again highlighting the plight of the villagers who have been living in fear as reported by The Nationa...
Read more

Sorcery shame for Papua New Guinea in X’mas

Image
News that matter in Papua New Guinea Sorcery tortures and violence are still being practised in Papua New Guinea in this 21st Century digital era. Sorcery shame for Papua New Guinea in X’mas PORT MORESBY: It was international shame for Papua New Guinea (PNG) this Christmas when sorcery reared its ugly head. Six women were stripped, bound to poles and burnt with hot knives as they screamed in pain, watched by an unsympathetic crowd. In a video that has gone viral in the internet, the women were accused of practising sorcery in Southern’s Enga. Police Comm David Manning described the sorcery torture as vile, inhumane, uncivilised, void of any human decency. “Papua New Guinea cannot progress without letting go of these horrific traditional beliefs. We have launched an urgent probe into the incident in Aiya’s Pawayamo village in Kagua-Erave.” The news break was published by The National : Horror torture of women Decem...
Read more