PNG 'Founding Father' Expresses Major Concerns About The Economy

Still stands with opposition, government needs to explain cash flow problem

PORT MORESBY, Papua New Guinea (PNG Post-Courier, July 22, 2016) – Founding father of the nation Grand Chief Sir Michael Somare said he was concerned about the economic situation of the nation and had to move to opposition and vote for the opposition despite the loss today.

" I cannot understand how our economy is managed. Despite 250 shipments of Oil and Gas so far,  there is nothing to show for, " Sir Michael said during a press conference after the parliament sitting.

He said one shipment is around USD$220 million and questioned why the government keep borrowing.

"The banks are saying there is no money.  There is also cash flow problem in the country and the government should explain the truth on why this is so," Sir Michael added.

He said Prime Minister Peter O'Neill should tell the people the truth about the economic situation affecting the country.

PNG Post-Courier
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