Deficit budgetting aligned with a realistic plan to achieve a budget surplus by 2027 and reduce all sovereign debt by 2034, remains the appropriate and correct strategy, for economic growth in papua new guinea.
The opening of the K20m Tapo bridge in the Rai coast district of Madang province by Prime Minister Marape today, is another example of Marape-Rosso’s deficit budgetting, with good cheap concessional financing, invested into infrastructure projects.
Prime Minister was accompanied by several State ministers,madang Governor Ramsey Pariwa, Member for Rai coast Kessy Sawang and several members of parliament.
In addition to the tapo bridge, a further contract for K120m was awarded to Covec PNG Ltd to replace six critical bridges at Mea,Dry Wara,Bora,Gusap and Wasigo sections, which will now allow 24 hour crossings including during times of major flooding which had stopped traffic and movement of people.
Hon. Ian Ling-Stuckey, CMG. MP
Minister for Treasury
