PNG debts too heavy


It is good to hear that the prime minister has mentioned his government’s plans to correct its past mistakes this time around.
But there may be some things that are too late to be corrected, like the huge loans from UBS and Exim Bank, which have tied the country down with humongous debts.
With increasing inflation and soaring prices of goods and services we hope the government really corrects its mistakes and puts this country back on track to financial recovery.
Only time will tell if there will be political stability to turn things around, considering the way things started on the first sitting of the new parliament.

S. Sisiwan

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