State of economy a bigger challenge - Opposition

Opposition Leader Don Polye has brushed aside talks of a Vote of No Confidence.

He says cabinet ministers and government backbenchers should think about this given the current circumstance of the country’s economy

He says at a time when Papua New Guineans are expecting the country’s economy to flourish there is a shortage in cash flow.

Polye says despite the K4billion LNG proceeds in the Budget there is still news of critical services like health and education closing down.

“The drop in commodity prices is only by 30 percent and this should not create a shortage of money in any way,” he added

“The concern is more than just the vote of no confidence, the country’s economy is in chaos and it is killing this nation and MPs know this,” he says.

Polye claims that 70 percent of the cash flow problem is caused by exorbitant contracts to projects and the diversion of LNG’s procceds  to the UBS loan repayment.

“Projects that should cost K80 million are  being boosted to K300 million, this is what I mean. I know because I am a civil engineer and I know the costs involved,” he claims.

Polye says government ministers and back benchers know that the country’s economy is being run down.

“A vote of no confidence is about politics; today presents a much bigger challenge. It must be addressed by the ministers and members of parliament,” he says.

Author: 
Joy Kisselpar