100-day plan vital to economy: Treasurer

TREASURER Charles Abel says the Government’s 100-day plan is to strengthen the economy and generate income for the people.
He said the plan would address issues highlighted in the Mid-Year Economic Fiscal Outlook report.
He said the country continued to experience slow economic growth, and there were issues regarding revenue generation. “Simple, practical actions, including a supplementary budget, are proposed to restore business confidence and maintain fiscal discipline and improve governance following the issues raised in the Mid-Year Fiscal Outlook report from the Treasury.
“We are also developing the 2018 Budget and supporting the Department  of National  Planning  as they create the five-year medium term development plan.”
The ministerial economic committee comprises governors Sir Julius Chan (New Ireland), Sir John Luke Crittin (Milne Bay), Chris Haiveta (Gulf) and the Attorney-General Davis Steven. The committee has held meetings with the Bank of PNG, Internal Revenue Commission, PNG Customs Services, Institute of National Affairs, commercial banks, PNG Industries Association, Chinese Embassy, EU, New Britain Palm Oil, Oil Search, Newcrest, Puma and PanAust to outline the government’s plan.