Growing PNG economy at steady rate

The Papua New Guinea economy needs to keep growing at a steady rate, says sitting Governor for NCD and Social Democratic Party (SDP) leader Powes Parkop.

Parkop highlighted that SDP is focused on returning the economic growth to 10-12 percent, like it used to be in 2012, 2013 and 2014, before it slipped down to around 2-3 percent.

Parkop says the Government needs to sustain the economy as we cannot grow the economy then let it drop again.

He explained that SDP has a multi-prolonged growth strategy that will deliver results now and sustain it over the years. These include getting the next LNG project into construction now and having a series of large capital projects properly planned and sequenced.

Parkop explained that this is so the momentum, from one to the next, is not lost and businesses can invest for growth.

“Sustaining the economy will enable the country to make money and deliver the outcomes for goods and services.

“We’ve got to find a formula to keep the economy growing and broaden our economic growth in agriculture, fisheries and tourism,” Parkop explained.

SDP has 45 endorsed candidates and hopes to align with parties that have the people’s mandate as their policy platform.

Quintina Naime