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Appeal to MPs to Put the Country First - Media Statement By Hon. James Nomane

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MEDIA STATEMENT BY HON. JAMES NOMANE.  Appeal to MPs to Put the Country First (Monday 7 April 2025) Is Papua New Guinea better off since Honourable James Marape became Prime Minister in 2019? This is the key question that all MPs must ask themselves before the upcoming Vote of No Confidence (VONC) in April. All MPs must put the country first and not limit their focus to districts and provinces.  From 2019 to 2025 the cumulative budget total of the Marape government has been K156.8 billion, comprised of K39.9 billion (25%) debt financing and K116.9 billion (75%) tax revenue. This K39.9 billion debt is the highest incurred by any government since Independence and by the end of 2025 our national debt will reach K65.0 billion. This high level of debt will reduce investment in health and education and put more pressure on loan repayments.   We cannot see the cumulative effect of spending K156.8 billion in 6 years? Where are the notable public investments that are making ...
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PNG Kina was stronger than the Australian and American Dollar in the early years after independence, though the country had only one mine back then in Bougainville

 

"PNG Kina was stronger than the Australian and American Dollar in the early years after independence, though the country had only one mine back then in Bougainville. Today, we have 8 resource projects, including the LNG project but our Kina value is so weak, we have the highest number of unemployment with 85% of our young people unemployed, and the highest level of debts since independence. This is because we have failed to build the agriculture sector of this country over the last 47 years. While the resource sector is still important for income and jobs, our future is not in gold and copper and gas as we have seen over the last 47 years, it is in agriculture, fisheries and forestry. We must go back to the land and utilize it." ~Hon. Richard Maru Minister for International Trade and Investment, and Yangoru-Saussia MP

Hon. Richard Maru, MP

"PNG Kina was stronger than the Australian and American Dollar in the early years after independence, though the country had only one mine back then in Bougainville. 

Today, we have 8 resource projects, including the LNG project but our Kina value is so weak, we have the highest number of unemployment with 85% of our young people unemployed, and the highest level of debts since independence. 

This is because we have failed to build the agriculture sector of this country over the last 47 years. 

While the resource sector is still important for income and jobs, our future is not in gold and copper and gas as we have seen over the last 47 years, it is in agriculture, fisheries and forestry. We must go back to the land and utilize it."

~Hon. Richard Maru

Minister for International Trade and Investment, and Yangoru-Saussia MP

Location: Papua New Guinea

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Full speech: Australian Prime Minister Anthony Albanese's Address to Papua New Guinea's Parliament

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Appeal to MPs to Put the Country First - Media Statement By Hon. James Nomane

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MEDIA STATEMENT BY HON. JAMES NOMANE.  Appeal to MPs to Put the Country First (Monday 7 April 2025) Is Papua New Guinea better off since Honourable James Marape became Prime Minister in 2019? This is the key question that all MPs must ask themselves before the upcoming Vote of No Confidence (VONC) in April. All MPs must put the country first and not limit their focus to districts and provinces.  From 2019 to 2025 the cumulative budget total of the Marape government has been K156.8 billion, comprised of K39.9 billion (25%) debt financing and K116.9 billion (75%) tax revenue. This K39.9 billion debt is the highest incurred by any government since Independence and by the end of 2025 our national debt will reach K65.0 billion. This high level of debt will reduce investment in health and education and put more pressure on loan repayments.   We cannot see the cumulative effect of spending K156.8 billion in 6 years? Where are the notable public investments that are making ...
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