This figure is attributed to under budgeting as well as excess people on the government payroll.
Chief Secretary to Government, Isaac Lupari, said this during the announcement of the revised Public Finance Management Act in Port Moresby recently.
He stated that the substantial amount of money could be used for development purposes.
“Ever year we incur almost about K300 million cost overruns, raising salaries. This is money that we can spend to improve the lives of our people.
