Former Prime Minister Peter O'Neill and Deputy Opposition Leader James Nomane took to FM 100's talk-back show to dissect the 2025 budget and scrutinize the Marape government's performance from 2019 to 2024. They highlighted critical issues such as the foreign exchange shortage, interference with Central Bank affairs, high borrowing and debt levels, the Connect PNG program, law and order challenges, Porgera mining issues, and the cost of living crisis. Their discussion aimed to hold the government accountable and shed light on the pressing economic and social challenges facing Papua New Guinea. With the budget debate set for December 3, 2024, their insights are expected to influence public opinion and parliamentary discussions.

Discussion/Breakdown:
00:00 Highlights - Catch the most pressing points from the talk show.
03:36 Late Release of MYEFO (Mid-Year Economic and Fiscal Outlook)
James Nomane criticizes the delayed publication, highlighting its impact on the budget's effectiveness.
07:23 Peter O'Neill's Critique
Peter O'Neill questions the accuracy of inflation figures and condemns IMF policies, detailing their negative effects on PNG's economy and currency.
11:11 Porgera Mine Problems
Examining the issues at Porgera Mine attributed to Marape's governance.
15:03 Connect PNG Program Critique
Labeling the Connect PNG program as a quick money-making scheme by the Marape-Rosso government.
18:50 Marape Government's Borrowing
Discussing how the Marape government has borrowed more money than all previous governments since independence.
25:50 Peter O'Neill on Revenue Collection
Despite record-high revenue collection, O'Neill questions why the Marape government continues borrowing and overspending.
30:29 Central Bank Overdraft Facility
Highlighting concerns over the Marape government's exhaustion of the Central Bank's K2 billion overdraft facility.
35:10 Weaponizing Funds
Discussing the weaponization of DSIP/PSIP/PIP funds by the Marape government.

Conclusion:
37:50 Final thoughts and summary by James Nomane.
39:38 Peter O'Neill wraps up the discussion with his concluding remarks.

#PNGBudgetDebate #PNGnews #pnggovernment #papuanewguinea

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