Are we borrowing too much?


Papua New Guinea is definitely in trouble.
Its budget for 2018 sounds promising, but we are borrowing very heavily to finance our budget.
Switzerland, World Bank and Asian Development Bank were mentioned as financiers.
Where does that leave the Chinese EXIM Bank?
Did the Opposition catch the Government with questions from the Shadow Minister of Treasury?
Continuing deficit budget is good.
Killing the goose that lays the golden egg, the Government is making loggers pay.
Major mining companies have political clout to defer any worthy review of their business.
Petroleum Authority will kill LNG.
The Government is not addressing breakdown of law-and-order in Hela, LNG footprints in the Highlands and parts of the Highlands Highway.
With Petroleum Authority the Government will have no control.
PNG will be a banana republic sooner than we think.
We must not live in the sky and on the moon.
Reality is knocking on our door.
Are we seeing signs of the times?
Our big dream of LNG bonanza to fund our national budget is what it is: a dream.

Tank on gas