What if PNG is unable to repay its huge debt?

Letters, Normal
Source:

The National, Thursday 06th of March, 2014

I AM not an economist, nor a “big money man”, but with what little I earn I make  sure  that  I  run  an efficient ship to ensure that I have what I need  and a little saved for the  rainy day.
I want to know how the government, that is borrowing so heavily, will pay off those millions and millions of kina, which have easily reached a couple of billions, in loans?
The government is definitely not running an efficient ship.
I can see millions coming in from the LNG project, natural resources, etc, but the amount being borrowed is absurd by any standard.
If something collapses, what is going to happen?
It is a recipe for disaster.
With the millions owed, how can we strengthen the economy, which  is going to have a ripple effect on businesses, the value of our kina  and our import-export industry?
Does anyone understand this apart from the few government officials who initiated the loans?
I wonder what vision they had when they decided to borrow so much.
Our future generations will inherit a huge debts and we are heading towards a disaster. 
Will the country ever recover?
If we cannot pay back, we  will  become  a new state of Australia or  China.
 
Anonymous
Via email