What the Supplementary Budget should deal with

The Member for Moresby North-West, Sir Mekere Morauta, said today that the International Monetary Fund Article IV Summary Report was a timely wake-up call for the Government, and that he hoped the Supplementary Budget to be brought down in Parliament this sitting would deal with the issues raised. He said the Supplementary Budget should be the start of a long journey to repair the Budget and public finances, and lay the foundation for sustainable growth, especially in the non-mining sector. The IMF pointed out that the 2017 fiscal deficit would need to be reduced significantly, but that further reductions would need to occur in future years. It also said that the Government needed to stop bo

Prime Minister’s illegal Oil Search deal costs the nation hundreds of millions of kina

The Member for Moresby North-West, Sir Mekere Morauta, said today he was astounded to hear news of the O’Neill Government’s fire sale of its shares in Oil Search at a loss of more than a billion kina. “We always knew that this illegal deal between the Prime Minister, Oil Search and Union Bank of Switzerland was a bad deal, a bad investment and a bad use of public money,” he said. “But we never knew it would be this bad. “The total cost to the people of Papua New Guinea is likely to be more than K1 billion. Prime Minister Peter O’Neill must come clean on the exact costs.” He must also come clean on whether the sale was caused by his Government’s inability to repay the loan. For Sir Moi Avei,

Outrageous BPNG board junket

The Member for Moresby North-West, Sir Mekere Morauta, said today the current trip by the board of the Bank of Papua New Guinea to the Federated States of Micronesia is an outrage. The former Prime Minister said he cannot understand why the board could not meet in Port Moresby, to save money at a time when the Government and country had severe cashflow problems and shortages of foreign exchange. “Can the governor tell us how much this trip is costing the bank,” Sir Mekere asked. “How much is it costing for the entire board of eight members, the assistant governors, board secretary and other support staff to travel to and stay in Micronesia?” He said it was an insult to all the individuals an

False reports by EMTV and Lohia Boe Samuel

The Member for Moresby North-West, Sir Mekere Morauta, said today that claims made on EMTV by failed Moresby North-West candidate Lohia Boe Samuel that he had avoided service of an election petition were completely untrue. Sir Mekere said he noticed Mr Samuel at the Yacht Club after lunch on Tuesday 19 September. “I was standing in open view on the footpath, talking to a friend, for at least 5 minutes. Mr Samuel had every opportunity to approach me, but he did not,” he said. “When I finished the chat with my friend I proceeded to my home on my boat. “I went downstairs to my cabin to read and rest. I did not see either of my two boat workers when I arrived at the boat – one was in the engine

Move by Basil is disappointing: Sir Mekere

The former Prime Minister and Member for Moresby North-West, Sir Mekere Morauta, said today that Sam Basil’s decision to move to Peter O’Neill’s Government, along with other MPs from the Alliance, was extremely disappointing. “This was the last thing I thought would happen when I asked my colleague Independent MPs to join Pangu Pati,” Sir Mekere said. “Of course I respect the decision by the individual Members to move as they see fit. But I do not agree with the move.” Sir Mekere said the O’Neill Government had wrecked Papua New Guinea during the last five years – wrecked important oversight institutions, interfered with law enforcement agencies, allowed corruption to flourish, grossly misma

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