“The Appropriations did not include K10.3 billion required to repay PNG’s debts,” says Shadow Minister for Treasury & Finance, Ian Ling-Stuckey.
“Unless this failure is fixed urgently, the government does not have the legal authority, as provided for under the Constitution, to make loan repayments. From 1 January 2019, PNG would immediately start breaching our loan agreements with our external partners such as the Asian Development Bank, the World Bank and Credit Suisse.
