PNG Government To Immediately Release $3.7 Million To Universities

Funding delayed due to shutdown last year, Treasurer says

By Nellie Setepano

PORT MORESBY, Papua New Guinea (PNG Post-Courier, Jan. 11, 2017) – The Government will release an amount of K12 million [US$3.7 million] immediately to all universities.

This is according to Treasury Secretary Dairi Vele and Finance Secretary Dr Ken Ngangan, who both confirmed this to the Post-Courier yesterday afternoon after the Public Service Dedication Service held at the Sir John Guise Stadium.

Mr Vele said the K12 million is ready to be released but will be shared among all universities. The funding was delayed by the shutdown period but they are working on last year’s payments before start of school year in which the first batch should be released.

Dr Ngangan said the K12 million will be among the first warrants out anytime soon after public accounts opened from Monday midnight.

“We have rolled over the 2016 accounts and opened the 2017 accounts. We will be working on the warrants now. Anytime today or this week, we will be able to get some money across,” Dr Ngangan said.

Dr Ngangan said after the K12 million is shared the balance will be released at later dates.

He did not give exact figures of the break ups but added that tuition fee free components will also be paid out.

The government is yet to pay K40 million [US$12.3 million] to University of Technology, K12 million to University of PNG and K8 million [US$2.5 million] to the University of Goroka.

PNG Post-Courier
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