PNG Cyber Monitor

News that matter in Papua New Guinea Tax cuts for all in Papua New Guinea PORT MORESBY :  All workers earning more than K20,000 per annum will get a K63 fortnight cut in personal income tax under Budget 2023’s K590 million relief package. Treasurer Ian Ling-Stuckey on Tuesday (Nov 29, 2022) said the tax-cut and tax-free threshold on those earning less than K20,000 will come into effect on Jan 1, 2023. The existing temporary threshold is K17,500, increased from K12,500 on June 1. “This is a very serious increase in take-home pay for workers. We will do this by temporarily lifting the tax-free threshold to K20,000 at a cost of K280 million,” he added. The news break for workers was reported by The National : Take-home pay to rise December 1, 2022 The National Main Stories ALL employees earning more K20,000 per annum will see a saving of K63 on their tax as a result of the Government’s K590 million relief package in...

News that matter in Papua New Guinea Minister Rainbo Paita admits PNG Government poor in paying bills PORT MORESBY:  Finance and Planning Minister Rainbo Paita has admitted to the Government’s poor record of paying its bills. He said this in response to State Enterprises Minister William Duma’s question in Parliament yesterday (Nov 30, 2022) on the status of State-Owned Enterprises (SOEs). Duma said: “SOE debt continued to present challenges to Kumul Consolidated Holdings and General Business Trust. “Cash flow pressures are increased due to excessive cost of borrowing and stressed balance sheets make it difficult to expand the businesses.” The news report was published by The National : MP: Govt slow to pay bills December 1, 2022 The National Main Stories ,  Uncategorized FINANCE and Planning Minister Rainbo Paita has admitted to the Government’s poor record of paying its bills. He was responding to ...

News that matter in Papua New Guinea Rex Kiponge                                                                         Sekie Agisa NAC boss Kiponge, Minister Agisa charged with corruption PORT MORESBY:   National Airports Corporation (NAC) managing-director and chief executive Rex Kiponge and Livestock Minister Sekie Agisa were yesterday (Nov 30, 2022) charged in a committal court in Waigani with corruption. Kiponge, 47, and Agisa, 47, were charged separately under the same information. They are alleged to have conspired to commit the offence. The court proceedings were published by Th...

News that matter in Papua New Guinea For image info, go to https://pngicentral.org/reports/mp-in-k1million-dsip-fraud-the-state-v-phillip-kikala State wants corrupt former MP Philip Kikala’s bail revoked PORT MORESBY:  The Government’’s application to revoke former Lagaip-Porgera MP Philip Kikala’s bail is set for hearing on Dec 19, 2022. Justice David Cannings, presiding as a single Supreme Court judge in Waigani on Monday (Nov 28, 2022) set the hearing date following advice from the State that it had filed and served necessary documents in Kikala. Kikala was jailed seven years on Nov 2, 2022, for four counts of misappropriating K1.1 million belonging to the people of Lagaip-Porger in Enga. The National reported the court proceedings: State wants to overturn Kikala bail November 30, 2022 The National National By CLARISSA MOI THE state’s application to revoke bail for former Lagaip-Porgera MP Philip Kikala i...

  News that matter in Papua New Guinea PNG tables lower budget deficit for 2023 PORT MORESBY:  The Papua New Guinea (PNG) Government has set the motion to heal the nation’s financial woes by tabling a deficit Budget 2023 that is K1 billion lower than last year's. In reducing Budget 2023's deficit from K5.98 billion in 2022 to K4.98 billion, it also allocated  K590 million for what it calls the “Household Assistance Package”. Treasurer Ian Ling-Stuckey said prices for some key items had gone up significantly and the package was to help relieve cost-of-living pressures facing families. PNG Cyber Monitor reproduces below a few key Budget 2023 reports published by The National : Budget for all November 30, 2022 The National Main Stories Treasurer Ian Ling-Stuckey THE Government has allocated K590 million in the Budget 2023 for what it calls the ‘Household Assistance Package’. Treasurer Ian Ling-Stuckey said pric...