Too early for a supplementary budget, says O'Neill

​Prime Minister Peter O’Neill says it is too early to do a supplementary budget to make adjustment of the 2016 budget.

"The country's economy is very strong and the Government will continue to monitor the challengers and make adjustments if necessary but it is too early to call for a minor (supplementary) budget.

O’Neill said the national government when formulating this year budget last year, did frame it against the drop of commodity prices.

"The assumptions that we took into framing the budget is very clear that we anticipated a very depress commodity prices that have obviously affected our revenue but at the same time the government took drastic step to manage expenditures by cutting many areas (policies) and deferred many non-priority projects."

Papua New Guinea's 2017 budget will be passed during the November National Parliament sitting.


Charles Yapumi