PRIME Minister Peter O’Neill has described the latest report by the International Monetary Fund (IMF) on the costs of Papua New Guinea hosting the APEC forum as “rubbish” and “a nuisance”.
The IMF report stated that the government plans to spend K3 billion over 2015-18 on preparations for APEC 2018.
However O’Neill told Parliament that “the amount mentioned by IMF is utterly rubbish, inaccurate and not true.”
“How can you spend K3 billion when the country has only a K12 billion budget every year?” he asked.
He said the government always reflects the cost of APEC in every budget, adding that the government was not crazy in dealing with APEC costs.
“We know what we can afford and what we cannot afford,” O’Neill said.
He stated that such misleading statements will create unnecessary debate based on innuendo and not on facts.
He reiterated that the only major expenditure the government will be making is K120 million on the construction of the APEC Haus while the rest was about hosting meetings around the country.
He was responding to Rabaul MP Dr Allan Marat who asked the prime minister to justify the costs highlighted by IMF in its report.