WHILE everyone was enjoying themselves watching the
games and teams taking participating in their
various events PNG Games....
Team NCD’s Katherine Tkatchenko
dribbles the ball pass Manus Nasu Ponowan during
the hockey clash at the PNG Games yesterday in
Lae. Nationalpic by EKAR KEAPU
*No new taxes
*Tax relief for business
*Increase in tax threshold from K6,600 to K7,000
*Reduction in marginal income tax rate from 25%
to 22%
*Abolition of debts charged by banks
*Public servants to receive new wage increase
*K10 million for districts
THE country’s economy is growing at a strongest
rate in over a decade, reflecting business
confidence, higher employment growth, stronger
investment and higher profits for business.
THE 2008 national budget follows a series of
supplementary budgets that were handed down
recently. Given flamboyant commodity prices, the
Government has been flooded with cash to spend.
LYING on the bed in the Popondetta General
Hospital, a shocked Amen Jacob is coming to
terms of losing both her husband and baby to the
devastating floods that hit her village last
week.
