Former Secretary warns Government of debt

Isaac Lupari said this will benefit the generations to come, and deliver tangible outcomes for Papua New Guineans.

Mr Lupari said the challenge for governments is to get the debt balance right.

“In the short term, there are times where governments need to borrow to sustain services. But this can never be a long-term measure, as the example of Zimbabwe and others has shown.

“The debt mix must be carefully balanced and weighted towards investment in productive assets that allow our economy to grow.

“Today in Papua New Guinea we are at a crossroad.