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« PNG needs to devalue kina significantly to get economy moving | Main | Sydney-based PNG coffee roaster seeks better deal for farmers »

18 August 2017

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If any good is to come of what may be sterner measures to address the 'economic woes', it might come by way of economic realization among the populace more broadly, as to just what it was that the PNG Government has been doing in the past six (or more) years.
Sadly the economic pain is likely to yield disastrously upon a great many and worse for those seeking medical treatment.
Hope is that present promises of reviews and improvements are implemented.

Five ways in which the PNG government could increase its revenue:

1. Cut the district services improvement program to K1 million

2. Abolish the provincial services improvement program

3. Review tax holidays enjoyed by big companies

4. Increase tax on the export of raw materials like logs, fish, gold, LNG, oil, coffee, cocoa and other agricultural products

5. Increase income tax on incomes above K50,000

"Such a move would be very unpopular for a government that has such little political capital."

Assuming that the O'Neill-Abel (a new adjective) government actually care what the people think.

I don't think so.

They'll do whatever they're O'Neill-Abel to do.

Excellent comment. Thanks, Busa.

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