Opposition Leader Don Polye has called on the Central Bank to provide updated data on the country’s debt level.
Polye made this call when assessing the current revenue inflow problems.
He said the fall in the global crude oil and gas prices had drastically affected the country.
He said the government’s 2015 budget projections framed without considering such external shocks had taken a hard hit as a result.
Polye, who earlier called on the government to immediately introduce a supplementary budget to revise the figures, believes there’s more to information on the status of the economy that the government and financial institutions are purposely withholding from its citizens.
He is in doubt that the country’s debt is K16 billion as stated by the Central Bank.
He says the debt level should now reach K19 billion taking into account the K3 billion kina controversial UBS loan.
“The bank must have mistaken or failed to include the controversial K3 billion Union Bank of Swiss loan in its figure.
“The country’s debt level is K19 billion and not K16 billion as claimed by the bank,” said Polye.
He said he had been warning the government to abide by the Fiscal Responsibilities Act and maintain debt level below the country’s Gross Domestic Product to avoid imposing hefty income taxes on the working class.
He said the government continued to go on a spending spree, spending on items and sectors not catered for within the budget.