𝐌𝐀𝐑𝐀𝐏𝐄 𝐆𝐎𝐕𝐄𝐑𝐍𝐌𝐄𝐍𝐓 𝐏𝐋𝐀𝐂𝐄𝐃 𝐏APUA 𝐍EW 𝐆UINEA 𝐈𝐍 𝐌𝐎𝐑𝐄 𝐃𝐄𝐕𝐀𝐒𝐓𝐀𝐓𝐈𝐍𝐆 𝐃𝐄𝐁𝐓 𝐁𝐔𝐑𝐃𝐄𝐍𝐒 𝐋𝐈𝐊𝐄 𝐍𝐄𝐕𝐄𝐑 𝐁𝐄𝐅𝐎𝐑𝐄 𝐈𝐍 𝐏𝐍𝐆’𝐬 𝐇𝐈𝐒𝐓𝐎𝐑𝐘.- Kessy Sawang , papua new guinea clothing, papua new guinea traditional clothing, papua new guinea clothes, papua new guinea fashion, papua new guinea information, png tapa cloth sale, png tapa cloth design, png meri blouse pattern, papua new guinea tapa cloth sale, papua new guinea city, geographical location papua new guinea, geographical features papua new guinea, papua new guinea geographical features, where papua new guinea located, papua new guinea location map, papua new guinea physical features, papua new guinea natural features, papua new guinea climate map, papua new guinea women photos, papua new guinea pictures people, new guinea people photos, papua new guinea women tribe, papua new guinea photos, papua new guinea tribal women, cannibal tribes papua new guinea, papua new guinea news update, papua new guinea news today, latest news papua new guinea, current news papua new guinea, breaking news papua new guinea, current job vacancies papua new guinea, current events papua new guinea, papua new guinea breaking news, papua new guinea local news, national newspaper papua new guinea daily, national newspaper papua new guinea, national newspaper png daily, national newspaper png today, national news png, png national news online, png national news updates, png national news, png national ews today, png politics news, png local news today, png latest news online, post courier png latest news, png local news, png todays news, png breaking news latest, png today news, png latest news updates, png latest news update this week, png loop news update today, png latest breaking news blogs, png latest breaking news, png emtv news online, png newspaper online, png news online, png emtv news today, national news png online, papua new guinea government type, papua new guinea government structure, papua new guinea government website, papua new guinea government system, papua new guinea form government, when was papua new guinea founded, papua new guinea a commonwealth country, papua new guinea what country, where papua new guinea located map, where papua new guinea located world map, papua new guinea location world map, where papua new guinea world map, where new guinea located map,png national newspaper paper today,today png national newspaper, png national newspaper, the png national newspaper online, png national newspaper online, national newspaper png news, national newspaper png news, national newspaper png latest news, national newspaper png online, the national newspaper png online, png national newspaper paper today, png national newspaper today, national newspaper png today, the png national newspaper online, today png national newspaper, the national newspaper png online, papua new guinea, "Our people face much hardships in traveling to Madang town and having to stay there for NID registration, in addition to the snail-paced process. Our people must not be forced to dig deeper into their pockets to go in search of services. As employees of our people, we must bring ourselves and services to our people, wherever they are." - Hon. Kessy Sawang, MP. Papua New Guinea.

Marape Government placed Papua New Guinea in more devastating debt burdens like never before in PNG’s history

𝐓𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐏apua 𝐍ew 𝐆uinea 𝐜𝐡𝐢𝐥𝐝𝐫𝐞𝐧 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞𝐝 𝐢𝐧 𝐡𝐮𝐠𝐞 𝐃𝐞𝐛𝐭 𝐥𝐢𝐤𝐞 𝐧𝐞𝐯𝐞𝐫 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧 𝐏𝐍𝐆’𝐬 𝐡𝐢𝐬𝐭𝐨𝐫𝐲. 𝐀𝐜𝐜𝐮𝐦𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐊𝟐𝟎 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟑𝟔 𝐦𝐨𝐧𝐭𝐡𝐬, 𝐞𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞𝐥𝐲 𝐦𝐞𝐚𝐧𝐬 𝐏𝐍𝐆 𝐢𝐬 𝐢𝐧𝐜𝐮𝐫𝐫𝐢𝐧𝐠 𝐊𝟓𝟕𝟗 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐝𝐞𝐛𝐭 𝐞𝐯𝐞𝐫𝐲 𝐦𝐨𝐧𝐭𝐡.

Marape Government placed Papua New Guinea in more devastating debt burdens like never before in PNG's history.

✍️ 𝐇𝐨𝐧. 𝐊𝐞𝐬𝐬𝐲 𝐒𝐚𝐰𝐚𝐧𝐠 𝐌𝐏
𝐌𝐚𝐧𝐲 𝐨𝐟 𝐲𝐨𝐮 𝐦𝐚𝐲 𝐧𝐨𝐭 𝐡𝐚𝐯𝐞 𝐫𝐞𝐚𝐝 𝐧𝐨𝐫 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐨𝐨𝐝 𝐨𝐮𝐫 𝐜𝐨𝐮𝐧𝐭𝐫𝐲’𝐬 𝐞𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐛𝐨𝐨𝐤𝐬 𝐚𝐧𝐝 𝐬𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐬. 𝐒𝐨 𝐈 𝐭𝐡𝐨𝐮𝐠𝐡𝐭 𝐈’𝐥𝐥 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭 𝐬𝐨𝐦𝐞 𝐜𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐢𝐬𝐬𝐮𝐞𝐬, 𝐭𝐡𝐞 𝐟𝐢𝐫𝐬𝐭 𝐨𝐧𝐞 𝐛𝐞𝐢𝐧𝐠 𝐃𝐞𝐛𝐭.
𝐋𝐞𝐭 𝐦𝐞 𝐟𝐢𝐫𝐬𝐭 𝐜𝐥𝐚𝐫𝐢𝐟𝐲 𝐭𝐡𝐚𝐭 𝐈’𝐦 𝐚 𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥𝐢𝐬𝐭𝐢𝐜 𝐛𝐥𝐨𝐠𝐠𝐞𝐫 𝐜𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐚𝐛𝐨𝐮𝐭 𝐢𝐬𝐬𝐮𝐞𝐬 𝐨𝐟 𝐠𝐨𝐨𝐝 𝐠𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞, 𝐬𝐨𝐜𝐢𝐚𝐥 𝐣𝐮𝐬𝐭𝐢𝐜𝐞 𝐚𝐧𝐝 𝐞𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐜𝐨𝐮𝐧𝐭𝐫𝐲. 𝐌𝐲 𝐚𝐜𝐭𝐢𝐯𝐢𝐬𝐦 𝐮𝐬𝐢𝐧𝐠 𝐬𝐨𝐜𝐢𝐚𝐥 𝐦𝐞𝐝𝐢𝐚 𝐚𝐧𝐝 𝐛𝐥𝐨𝐠𝐠𝐢𝐧𝐠 𝐩𝐥𝐚𝐭𝐟𝐨𝐫𝐦𝐬 𝐬𝐭𝐚𝐫𝐭𝐞𝐝 𝐨𝐯𝐞𝐫 𝟏𝟎 𝐲𝐞𝐚𝐫𝐬 𝐚𝐠𝐨, 𝐡𝐨𝐥𝐝𝐢𝐧𝐠 𝐰𝐡𝐨𝐞𝐯𝐞𝐫 𝐢𝐧 𝐨𝐮𝐫 𝐄𝐱𝐞𝐜𝐮𝐭𝐢𝐯𝐞 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭, 𝐩𝐨𝐰𝐞𝐫 𝐚𝐧𝐝 𝐚𝐮𝐭𝐡𝐨𝐫𝐢𝐭𝐲 𝐚𝐜𝐜𝐨𝐮𝐧𝐭𝐚𝐛𝐥𝐞. 𝐀𝐟𝐭𝐞𝐫 𝐚𝐥𝐥, 𝐭𝐡𝐚𝐭 𝐢𝐬 𝐨𝐮𝐫 𝐂𝐨𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧𝐚𝐥 𝐫𝐢𝐠𝐡𝐭.
𝐓𝐡𝐫𝐞𝐞 (𝟑) 𝐲𝐞𝐚𝐫𝐬 𝐚𝐠𝐨, 𝐈 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐚𝐧 𝐚𝐫𝐭𝐢𝐜𝐥𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐒𝐮𝐧𝐝𝐚𝐲 𝐂𝐡𝐫𝐨𝐧𝐢𝐜𝐥𝐞 𝐍𝐞𝐰𝐬𝐩𝐚𝐩𝐞𝐫 𝐭𝐢𝐭𝐥𝐞𝐝 “𝐀𝐝𝐝𝐢𝐜𝐭𝐞𝐝 𝐭𝐨 𝐃𝐞𝐛𝐭”. 𝐀𝐭 𝐭𝐡𝐚𝐭 𝐭𝐢𝐦𝐞, 𝐜𝐢𝐭𝐢𝐳𝐞𝐧𝐬 𝐰𝐞𝐫𝐞 𝐯𝐞𝐫𝐲 𝐜𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐨𝐟 𝐭𝐡𝐞𝐧 𝐏𝐫𝐢𝐦𝐞 𝐌𝐢𝐧𝐢𝐬𝐭𝐞𝐫 𝐏𝐞𝐭𝐞𝐫 𝐎’𝐍𝐞𝐢𝐥𝐥 [𝐏𝐌𝐏𝐎] 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐟𝐨𝐫 𝐛𝐨𝐫𝐫𝐨𝐰𝐢𝐧𝐠. 𝐀𝐭 𝐭𝐡𝐚𝐭 𝐭𝐢𝐦𝐞, 𝐭𝐡𝐞 𝐅𝐢𝐬𝐜𝐚𝐥 𝐑𝐞𝐬𝐩𝐨𝐧𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐲 𝐀𝐜𝐭 [𝐅𝐑𝐀] 𝐥𝐞𝐠𝐚𝐥 𝐥𝐢𝐦𝐢𝐭 𝐟𝐨𝐫 𝐛𝐨𝐫𝐫𝐨𝐰𝐢𝐧𝐠 𝐰𝐚𝐬 𝐨𝐧𝐥𝐲 𝟑𝟎% 𝐨𝐟 𝐆𝐃𝐏. 𝐖𝐞 𝐚𝐜𝐭𝐢𝐯𝐢𝐬𝐭𝐬 𝐝𝐞𝐦𝐨𝐧𝐢𝐳𝐞𝐝 𝐟𝐨𝐫𝐦𝐞𝐫 𝐏𝐌𝐏𝐎 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐟𝐨𝐫 𝐚𝐦𝐞𝐧𝐝𝐢𝐧𝐠 𝐭𝐡𝐞 𝐅𝐑𝐀 𝐭𝐨 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐭𝐡𝐞 𝐃𝐞𝐛𝐭 𝐭𝐨 𝐆𝐃𝐏 𝐫𝐚𝐭𝐢𝐨 𝐭𝐨 𝟑𝟓%.
𝐈 𝐡𝐚𝐝 𝐦𝐲 𝐯𝐨𝐢𝐜𝐞 𝐨𝐧 𝐛𝐞𝐢𝐧𝐠 𝐯𝐞𝐫𝐲 𝐜𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐨𝐟 𝐭𝐡𝐞 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐟𝐨𝐫 𝐛𝐫𝐞𝐚𝐜𝐡𝐢𝐧𝐠 𝐭𝐡𝐞 𝐅𝐑𝐀 𝟑𝟎% 𝐭𝐡𝐞𝐧. 𝐘𝐨𝐮 𝐜𝐚𝐧 𝐟𝐢𝐧𝐝 𝐭𝐡𝐞 𝐨𝐧𝐥𝐢𝐧𝐞 𝐯𝐞𝐫𝐬𝐢𝐨𝐧 𝐨𝐟 𝐦𝐲 “𝐀𝐝𝐝𝐢𝐜𝐭𝐞𝐝 𝐭𝐨 𝐃𝐞𝐛𝐭” 𝐚𝐫𝐭𝐢𝐜𝐥𝐞 𝐡𝐞𝐫𝐞: 𝐡𝐭𝐭𝐩𝐬://𝐩𝐧𝐠𝐰𝐨𝐦𝐚𝐧.𝐜𝐨𝐦/𝐝𝐞𝐛𝐭-𝐚𝐝𝐝𝐢𝐜𝐭𝐢𝐨𝐧.
𝐖𝐞 𝐡𝐚𝐝 𝐚 𝐜𝐡𝐚𝐧𝐠𝐞 𝐨𝐟 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐚𝐲 𝟐𝟎𝟏𝟗 𝐕𝐨𝐭𝐞 𝐨𝐟 𝐍𝐨 𝐂𝐨𝐧𝐟𝐢𝐝𝐞𝐧𝐜𝐞 [𝐕𝐎𝐍𝐂]. 𝐂𝐢𝐭𝐢𝐳𝐞𝐧𝐬’ 𝐜𝐫𝐢𝐞𝐬 𝐨𝐯𝐞𝐫 𝐨𝐮𝐫 “𝐝𝐢𝐧𝐚𝐮” 𝐬𝐢𝐭𝐮𝐚𝐭𝐢𝐨𝐧 𝐰𝐚𝐬 𝐯𝐞𝐫𝐲 𝐜𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐭𝐡𝐚𝐭 𝐭𝐡𝐞 𝐧𝐞𝐰 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐰𝐚𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐦𝐚𝐧𝐚𝐠𝐞 𝐃𝐞𝐛𝐭 𝐚𝐭 𝐬𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐥𝐞𝐯𝐞𝐥𝐬. 𝐖𝐡𝐚𝐭 𝐝𝐢𝐝 𝐏𝐌 𝐌𝐚𝐫𝐚𝐩𝐞’𝐬 𝐠𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐝𝐨, 𝐫𝐢𝐠𝐡𝐭 𝐚𝐟𝐭𝐞𝐫 𝐢𝐭 𝐫𝐞𝐬𝐮𝐦𝐞𝐝 𝐨𝐟𝐟𝐢𝐜𝐞?
𝐓𝐡𝐞𝐬𝐞 𝐚𝐫𝐞 𝐅𝐀𝐂𝐓𝐒 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭’𝐬 𝐨𝐰𝐧 𝐛𝐨𝐨𝐤𝐬:
𝟏. 𝐌𝐚𝐫𝐚𝐩𝐞 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐢𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞𝐥𝐲 𝐚𝐦𝐞𝐧𝐝𝐞𝐝 𝐭𝐡𝐞 𝐅𝐑𝐀 𝐭𝐨 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐭𝐡𝐞 𝐃𝐞𝐛𝐭 𝐭𝐨 𝐆𝐃𝐏 𝐑𝐚𝐭𝐢𝐨 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐡𝐢𝐠𝐡𝐥𝐲 𝐜𝐫𝐢𝐭𝐢𝐜𝐢𝐳𝐞𝐝 𝟑𝟓% 𝐭𝐨 𝟒𝟓%. 𝐀𝐜𝐜𝐨𝐫𝐝𝐢𝐧𝐠 𝐭𝐨 𝐭𝐡𝐞 𝐓𝐫𝐞𝐚𝐬𝐮𝐫𝐞𝐫, 𝐬𝐨 𝐢𝐭 𝐜𝐚𝐧 𝐚𝐥𝐥𝐨𝐰 𝐭𝐡𝐞𝐦 𝐭𝐨 𝐛𝐨𝐫𝐫𝐨𝐰 𝐦𝐨𝐫𝐞.
𝟐. 𝐈𝐧 𝟐𝟎𝟏𝟗, 𝐌𝐚𝐫𝐚𝐩𝐞 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐝𝐨𝐦𝐞𝐬𝐭𝐢𝐜 𝐝𝐞𝐛𝐭 𝐟𝐫𝐨𝐦 𝐊𝟏𝟔.𝟗 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐭𝐨 𝐊𝟏𝟗.𝟑 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐚𝐧𝐝 𝐞𝐱𝐭𝐞𝐫𝐧𝐚𝐥 𝐝𝐞𝐛𝐭 𝐟𝐫𝐨𝐦 𝐊𝟗.𝟗 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐭𝐨 𝐊𝟏𝟒.𝟑 𝐁𝐢𝐥𝐥𝐢𝐨𝐧. 𝐈𝐧 𝐣𝐮𝐬𝐭 𝟕 𝐬𝐡𝐨𝐫𝐭 𝐦𝐨𝐧𝐭𝐡𝐬, 𝐌𝐚𝐫𝐚𝐩𝐞 𝐛𝐨𝐫𝐫𝐨𝐰𝐞𝐝 𝐊 𝟖 𝐁𝐢𝐥𝐥𝐢𝐨𝐧. 𝐍𝐨𝐭𝐞 𝐭𝐡𝐚𝐭 𝐭𝐡𝐢𝐬 𝐢𝐬 𝐛𝐞𝐟𝐨𝐫𝐞 𝐂𝐨𝐯𝐢𝐝𝟏𝟗.
𝟑. 𝐍𝐨𝐭𝐞 𝐭𝐡𝐚𝐭 𝐨𝐮𝐫 𝐭𝐨𝐭𝐚𝐥 𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐝𝐞𝐛𝐭 𝐞𝐧𝐝 𝐨𝐟 𝟐𝟎𝟏𝟖 𝐰𝐚𝐬 𝐊𝟐𝟓.𝟔 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 [𝐬𝐞𝐞 𝐓𝐫𝐞𝐚𝐬𝐮𝐫𝐲 𝐅𝐢𝐧𝐚𝐥 𝐁𝐮𝐝𝐠𝐞𝐭 𝐎𝐮𝐭𝐜𝐨𝐦𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬] 𝐰𝐢𝐭𝐡𝐢𝐧 𝐚 𝐜𝐨𝐧𝐬𝐞𝐫𝐯𝐚𝐭𝐢𝐯𝐞 𝐅𝐑𝐀 𝐥𝐞𝐠𝐚𝐥 𝐥𝐢𝐦𝐢𝐭 𝐨𝐟 𝟑𝟓%.
𝟒. 𝐈𝐧 𝟐𝟎𝟐𝟎, 𝐌𝐚𝐫𝐚𝐩𝐞 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐝𝐨𝐦𝐞𝐬𝐭𝐢𝐜 𝐛𝐨𝐫𝐫𝐨𝐰𝐢𝐧𝐠 𝐭𝐨 𝐊𝟐𝟏.𝟑 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐚𝐧𝐝 𝐞𝐱𝐭𝐞𝐫𝐧𝐚𝐥 𝐛𝐨𝐫𝐫𝐨𝐰𝐢𝐧𝐠 𝐭𝐨 𝐊𝟏𝟖.𝟔 𝐁𝐢𝐥𝐥𝐢𝐨𝐧. 𝐓𝐡𝐢𝐬 𝐢𝐬 𝐚 𝐟𝐮𝐫𝐭𝐡𝐞𝐫 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐨𝐟 𝐃𝐞𝐛𝐭 𝐛𝐲 𝐊𝟔.𝟐 𝐁𝐢𝐥𝐥𝐢𝐨𝐧. 𝐓𝐡𝐢𝐬 𝐭𝐚𝐤𝐞𝐬 𝐨𝐮𝐫 𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐝𝐞𝐛𝐭 𝐟𝐫𝐨𝐦 𝐊𝟑𝟑.𝟔 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐭𝐨 𝐊𝟑𝟗.𝟖 𝐁𝐢𝐥𝐥𝐢𝐨𝐧.
𝟓. 𝐈𝐧 𝟏𝟖 𝐦𝐨𝐧𝐭𝐡𝐬 [𝐌𝐚𝐲 𝟐𝟎𝟏𝟗 – 𝐃𝐞𝐜𝐞𝐦𝐛𝐞𝐫 𝟐𝟎𝟐𝟎], 𝐌𝐚𝐫𝐚𝐩𝐞 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐛𝐨𝐫𝐫𝐨𝐰𝐞𝐝 𝐚𝐧 𝐞𝐱𝐭𝐫𝐚 𝐊𝟏𝟒.𝟑 𝐁𝐢𝐥𝐥𝐢𝐨𝐧. 𝐓𝐡𝐢𝐬 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐨𝐮𝐫 𝐃𝐞𝐛𝐭 𝐟𝐫𝐨𝐦 𝐊𝟐𝟓.𝟔 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧𝐜𝐮𝐫𝐫𝐞𝐝 𝐛𝐲 𝐩𝐫𝐞𝐯𝐢𝐨𝐮𝐬 𝐫𝐞𝐠𝐢𝐦𝐞 𝐢𝐧 𝟖 𝐲𝐞𝐚𝐫𝐬 𝐭𝐨 𝐊𝟑𝟗.𝟗 𝐁𝐢𝐥𝐥𝐢𝐨𝐧.
𝟔. 𝐁𝐞𝐟𝐨𝐫𝐞 𝐩𝐚𝐬𝐬𝐢𝐧𝐠 𝐭𝐡𝐞 𝟐𝟎𝟐𝟏 𝐁𝐮𝐝𝐠𝐞𝐭, 𝐭𝐡𝐞 𝐌𝐚𝐫𝐚𝐩𝐞 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐚𝐠𝐚𝐢𝐧 𝐚𝐦𝐞𝐧𝐝𝐞𝐝 𝐭𝐡𝐞 𝐅𝐢𝐬𝐜𝐚𝐥 𝐑𝐞𝐬𝐩𝐨𝐧𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐲 𝐀𝐜𝐭 𝐭𝐨 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐭𝐡𝐞 𝐃𝐞𝐛𝐭 𝐭𝐨 𝐆𝐃𝐏 𝐑𝐚𝐭𝐢𝐨 𝐟𝐫𝐨𝐦 𝟒𝟓% 𝐭𝐨 𝟔𝟎%. 𝐓𝐡𝐢𝐬 𝐠𝐚𝐯𝐞 𝐭𝐡𝐞 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐭𝐡𝐞 𝐟𝐢𝐬𝐜𝐚𝐥 𝐬𝐩𝐚𝐜𝐞 𝐭𝐨 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐬 𝐨𝐮𝐫 𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐃𝐞𝐛𝐭 𝐭𝐨 𝐊𝟒𝟔.𝟓 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 – 𝐚 𝟓𝟏.𝟓% 𝐃𝐞𝐛𝐭 𝐭𝐨 𝐆𝐃𝐏.
𝟕. 𝐓𝐡𝐞 𝐡𝐢𝐠𝐡 𝐞𝐱𝐩𝐞𝐧𝐝𝐢𝐭𝐮𝐫𝐞 𝟐𝟎𝟐𝟏 𝐁𝐮𝐝𝐠𝐞𝐭 𝐢𝐬 𝐚 𝐊𝟔.𝟔 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐃𝐞𝐟𝐢𝐜𝐢𝐭 𝐁𝐮𝐝𝐠𝐞𝐭. 𝐓𝐡𝐢𝐬 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐞𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐨𝐟 𝐃𝐞𝐛𝐭 𝐢𝐬 𝐩𝐥𝐚𝐧𝐧𝐞𝐝 𝐭𝐨 𝐛𝐞 𝐟𝐢𝐧𝐚𝐧𝐜𝐞𝐝 𝐭𝐡𝐫𝐨𝐮𝐠𝐡:
(𝐚) 𝐄𝐱𝐭𝐞𝐫𝐧𝐚𝐥 𝐛𝐨𝐫𝐫𝐨𝐰𝐢𝐧𝐠 𝐨𝐟 𝐊𝟒.𝟔 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 [𝐨𝐟 𝐰𝐡𝐢𝐜𝐡 𝐊𝟐.𝟒 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐨𝐧 𝐜𝐨𝐧𝐜𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥 𝐭𝐞𝐫𝐦𝐬 𝐚𝐧𝐝 𝐊𝟐.𝟐 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 “𝐲𝐞𝐭 𝐭𝐨 𝐛𝐞 𝐢𝐝𝐞𝐧𝐭𝐢𝐟𝐢𝐞𝐝”]. 𝐓𝐫𝐞𝐚𝐬𝐮𝐫𝐞𝐫 𝐛𝐨𝐚𝐬𝐭𝐬 𝐚𝐛𝐨𝐮𝐭 𝐜𝐡𝐞𝐚𝐩 𝐥𝐨𝐚𝐧𝐬 𝐛𝐮𝐭 𝐞𝐱𝐭𝐞𝐫𝐧𝐚𝐥 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠 𝐬𝐡𝐨𝐮𝐥𝐝 𝐛𝐞 𝐚 𝐭𝐞𝐦𝐩𝐨𝐫𝐚𝐫𝐲 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧. 𝐍𝐨𝐭𝐞 𝐚𝐥𝐬𝐨 𝐭𝐡𝐚𝐭 𝐜𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐜𝐨𝐧𝐜𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥 𝐥𝐨𝐚𝐧𝐬 𝐚𝐫𝐞 𝐩𝐫𝐞-𝐝𝐞𝐭𝐞𝐫𝐦𝐢𝐧𝐞𝐝.
(𝐛) 𝐃𝐨𝐦𝐞𝐬𝐭𝐢𝐜 𝐛𝐨𝐫𝐫𝐨𝐰𝐢𝐧𝐠 𝐨𝐟 𝐊𝟐 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐢𝐬𝐬𝐮𝐢𝐧𝐠 𝐨𝐟 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬. 𝐀𝐬 𝐞𝐱𝐩𝐥𝐚𝐢𝐧𝐞𝐝 𝐢𝐧 𝐦𝐲 𝟐𝟎𝟏𝟕 𝐚𝐫𝐭𝐢𝐜𝐥𝐞, 𝐝𝐨𝐦𝐞𝐬𝐭𝐢𝐜 𝐛𝐨𝐫𝐫𝐨𝐰𝐢𝐧𝐠 𝐜𝐨𝐦𝐞𝐬 𝐚𝐭 𝐡𝐢𝐠𝐡 𝐜𝐨𝐬𝐭𝐬 𝐚𝐬 𝐚𝐥𝐥 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐮𝐬𝐭 𝐛𝐞 𝐡𝐞𝐥𝐝 𝐭𝐨 𝐦𝐚𝐭𝐮𝐫𝐢𝐭𝐲 𝐚𝐧𝐝 𝐜𝐚𝐧𝐧𝐨𝐭 𝐛𝐞 𝐭𝐫𝐚𝐝𝐞𝐝. 𝐓𝐡𝐮𝐬, 𝐝𝐨𝐦𝐞𝐬𝐭𝐢𝐜 𝐩𝐮𝐛𝐥𝐢𝐜 𝐝𝐞𝐛𝐭 𝐡𝐚𝐬 𝐚 𝐧𝐚𝐫𝐫𝐨𝐰 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫 𝐛𝐚𝐬𝐞 𝐜𝐨𝐧𝐟𝐢𝐧𝐞𝐝 𝐭𝐨 𝐭𝐡𝐞 𝐬𝐮𝐩𝐞𝐫𝐚𝐧𝐧𝐮𝐚𝐭𝐢𝐨𝐧 𝐟𝐮𝐧𝐝𝐬 𝐚𝐧𝐝 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐢𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧𝐬.
𝟖. 𝐓𝐡𝐞 𝐜𝐨𝐬𝐭𝐬 𝐨𝐟 𝐛𝐨𝐫𝐫𝐨𝐰𝐢𝐧𝐠 [𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐜𝐨𝐬𝐭𝐬] 𝐢𝐬 𝐚 𝐟𝐮𝐫𝐭𝐡𝐞𝐫 𝐊𝟐.𝟐 𝐁𝐢𝐥𝐥𝐢𝐨𝐧, 𝐫𝐞𝐩𝐫𝐞𝐬𝐞𝐧𝐭𝐢𝐧𝐠 𝟏𝟐% 𝐨𝐟 𝐭𝐡𝐞 𝟐𝟎𝟐𝟏 𝐁𝐮𝐝𝐠𝐞𝐭.
𝟗. 𝐓𝐡𝐞 𝐡𝐮𝐠𝐞 𝐞𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐨𝐟 𝐃𝐞𝐛𝐭 𝐛𝐲 𝐌𝐚𝐫𝐚𝐩𝐞 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐢𝐬 𝐭𝐨 𝐟𝐮𝐧𝐝 𝐭𝐡𝐞 𝐫𝐞-𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐞𝐱𝐩𝐞𝐧𝐝𝐢𝐭𝐮𝐫𝐞, 𝐫𝐚𝐭𝐡𝐞𝐫 𝐭𝐡𝐚𝐧 𝐜𝐚𝐩𝐢𝐭𝐚𝐥 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐞𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬 𝐭𝐡𝐚𝐭 𝐰𝐨𝐮𝐥𝐝 𝐠𝐞𝐧𝐞𝐫𝐚𝐭𝐞 𝐞𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐫𝐞𝐭𝐮𝐫𝐧𝐬 𝐟𝐨𝐫 𝐬𝐮𝐬𝐭𝐚𝐢𝐧𝐞𝐝 𝐠𝐫𝐨𝐰𝐭𝐡. 𝐋𝐨𝐧𝐠 𝐭𝐨𝐤𝐩𝐢𝐬𝐢𝐧 𝐛𝐚𝐢 𝐦𝐢 𝐭𝐨𝐤 𝐨𝐥𝐬𝐞𝐦 “𝐝𝐢𝐧𝐚𝐮 𝐞𝐦 𝐝𝐚𝐢 𝐦𝐚𝐧𝐢 – 𝐧𝐨𝐠𝐚𝐭 𝐰𝐢𝐧 𝐦𝐨𝐧𝐢 𝐨𝐫 𝐩𝐫𝐨𝐟𝐢𝐭 𝐛𝐥𝐨 𝐞𝐦”.
𝟏𝟎. 𝐖𝐞 𝐜𝐚𝐧𝐧𝐨𝐭 𝐛𝐥𝐚𝐦𝐞 𝐭𝐡𝐞 𝐬𝐢𝐭𝐮𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐂𝐨𝐯𝐢𝐝𝟏𝟗 𝐚𝐥𝐨𝐧𝐞. 𝐅𝐢𝐫𝐬𝐭, 𝐂𝐨𝐯𝐢𝐝𝟏𝟗 𝐢𝐬 𝐛𝐨𝐭𝐡 𝐚𝐧 𝐞𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐚𝐧𝐝 𝐡𝐞𝐚𝐥𝐭𝐡 𝐞𝐦𝐞𝐫𝐠𝐞𝐧𝐜𝐲 𝐭𝐡𝐚𝐭 𝐝𝐢𝐝 𝐧𝐨𝐭 𝐡𝐚𝐯𝐞 𝐚𝐧 “𝐚𝐩𝐩𝐫𝐨𝐩𝐫𝐢𝐚𝐭𝐞” 𝐩𝐨𝐥𝐢𝐜𝐲. 𝐀𝐬 𝐚 𝐫𝐞𝐬𝐮𝐥𝐭, 𝐦𝐢𝐥𝐥𝐢𝐨𝐧𝐬 𝐨𝐧 𝐭𝐚𝐱𝐩𝐚𝐲𝐞𝐫 𝐟𝐮𝐧𝐝𝐬 𝐨𝐫 𝐝𝐢𝐧𝐚𝐮 𝐦𝐨𝐧𝐢 𝐰𝐡𝐢𝐜𝐡 𝐰𝐞 𝐰𝐢𝐥𝐥 𝐫𝐞𝐩𝐚𝐲 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐬𝐪𝐮𝐚𝐧𝐝𝐞𝐫𝐞𝐝 𝐨𝐧 𝐭𝐡𝐢𝐧𝐠𝐬 𝐥𝐢𝐤𝐞 𝐟𝐢𝐧𝐝𝐢𝐧𝐠 𝐚 𝐜𝐮𝐫𝐞, 𝐚𝐧𝐝 𝐊𝟔𝟎𝟎 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐨𝐧 𝐂𝐨𝐯𝐢𝐝𝟏𝟗. 𝐓𝐡𝐞 𝐩𝐞𝐨𝐩𝐥𝐞 𝐨𝐟 𝐏𝐍𝐆 𝐝𝐞𝐬𝐞𝐫𝐯𝐞 𝐭𝐨 𝐬𝐞𝐞 𝐩𝐫𝐨𝐩𝐞𝐫 𝐚𝐜𝐜𝐨𝐮𝐧𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐨𝐟 𝐂𝐨𝐯𝐢𝐝𝟏𝟗 𝐟𝐮𝐧𝐝𝐬.
𝟏𝟏. 𝐂𝐨𝐯𝐢𝐝𝟏𝟗 𝐩𝐚𝐧𝐝𝐞𝐦𝐢𝐜 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐨𝐟 𝐏𝐨𝐫𝐠𝐞𝐫𝐚 𝐌𝐢𝐧𝐞 𝐚𝐟𝐟𝐞𝐜𝐭𝐞𝐝 𝐭𝐡𝐞 𝐏𝐍𝐆 𝐞𝐜𝐨𝐧𝐨𝐦𝐲 𝐬𝐞𝐯𝐞𝐫𝐞𝐥𝐲, 𝐫𝐞𝐬𝐮𝐥𝐭𝐢𝐧𝐠 𝐢𝐧 𝐚 𝐧𝐞𝐠𝐚𝐭𝐢𝐯𝐞 𝐠𝐫𝐨𝐰𝐭𝐡 𝐨𝐟 -𝟑.𝟖% [𝐟𝐫𝐨𝐦 𝐚 𝟔% 𝐠𝐫𝐨𝐰𝐭𝐡 𝐫𝐚𝐭𝐞 𝐩𝐫𝐞𝐯𝐢𝐨𝐮𝐬𝐥𝐲]. 𝐎𝐟 𝐭𝐡𝐢𝐬, 𝐏𝐨𝐫𝐠𝐞𝐫𝐚 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐚𝐜𝐜𝐨𝐮𝐧𝐭𝐞𝐝 𝐟𝐨𝐫 -𝟏.𝟑% [𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭!]. 𝐓𝐢𝐦𝐢𝐧𝐠 𝐰𝐚𝐬 𝐟𝐨𝐨𝐥𝐢𝐬𝐡. 𝐀𝐥𝐚𝐬, 𝐭𝐡𝐞 𝐬𝐡𝐨𝐫𝐭 𝐭𝐞𝐫𝐦 𝐩𝐚𝐢𝐧 𝐡𝐚𝐬 𝐩𝐫𝐨𝐥𝐨𝐧𝐠𝐞𝐝 𝐢𝐧𝐭𝐨 𝐦𝐨𝐧𝐭𝐡𝐬 𝐰𝐢𝐭𝐡 𝐥𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐠𝐚𝐢𝐧 𝐧𝐨𝐭 𝐢𝐧 𝐬𝐢𝐠𝐡𝐭 𝐬𝐨𝐨𝐧𝐞𝐫.
𝐂𝐨𝐧𝐬𝐞𝐪𝐮𝐞𝐧𝐜𝐞: 𝐓𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐏𝐍𝐆 𝐜𝐡𝐢𝐥𝐝𝐫𝐞𝐧 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞𝐝 𝐢𝐧 𝐡𝐮𝐠𝐞 𝐃𝐞𝐛𝐭 𝐥𝐢𝐤𝐞 𝐧𝐞𝐯𝐞𝐫 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧 𝐏𝐍𝐆’𝐬 𝐡𝐢𝐬𝐭𝐨𝐫𝐲. 𝐀𝐜𝐜𝐮𝐦𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐊𝟐𝟎 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟑𝟔 𝐦𝐨𝐧𝐭𝐡𝐬, 𝐞𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞𝐥𝐲 𝐦𝐞𝐚𝐧𝐬 𝐏𝐍𝐆 𝐢𝐬 𝐢𝐧𝐜𝐮𝐫𝐫𝐢𝐧𝐠 𝐊𝟓𝟕𝟗 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐝𝐞𝐛𝐭 𝐞𝐯𝐞𝐫𝐲 𝐦𝐨𝐧𝐭𝐡.
𝐀𝐬 𝐚 𝐩𝐞𝐫𝐬𝐨𝐧 𝐰𝐡𝐨 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐯𝐞𝐫𝐲 𝐯𝐨𝐜𝐚𝐥 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐥𝐚𝐬𝐭 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭’𝐬 𝐝𝐞𝐛𝐭, 𝐭𝐨𝐝𝐚𝐲 𝐈 𝐡𝐚𝐧𝐠 𝐦𝐲 𝐡𝐞𝐚𝐝 𝐢𝐧 𝐬𝐡𝐚𝐦𝐞. 𝐓𝐡𝐞 𝐧𝐞𝐰 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐭𝐡𝐚𝐭 𝐰𝐞 𝐡𝐚𝐝 𝐡𝐢𝐠𝐡 𝐡𝐨𝐩𝐞𝐬 𝐨𝐧 𝐡𝐚𝐬 𝐩𝐥𝐚𝐜𝐞𝐝 𝐮𝐬 𝐢𝐧 𝐦𝐨𝐫𝐞 𝐝𝐞𝐯𝐚𝐬𝐭𝐚𝐭𝐢𝐧𝐠 𝐝𝐞𝐛𝐭 𝐛𝐮𝐫𝐝𝐞𝐧𝐬 𝐥𝐢𝐤𝐞 𝐧𝐞𝐯𝐞𝐫 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧 𝐏𝐍𝐆’𝐬 𝐡𝐢𝐬𝐭𝐨𝐫𝐲.
𝐂𝐨𝐧𝐭𝐢𝐧𝐮𝐨𝐮𝐬 𝐫𝐞𝐥𝐢𝐚𝐧𝐜𝐞 𝐨𝐧 𝐭𝐡𝐞 𝐫𝐞𝐬𝐨𝐮𝐫𝐜𝐞 𝐬𝐞𝐜𝐭𝐨𝐫 𝐡𝐚𝐬 𝐦𝐨𝐫𝐞 𝐮𝐧𝐜𝐞𝐫𝐭𝐚𝐢𝐧𝐭𝐲. 𝐏𝐨𝐨𝐫 𝐠𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞 𝐢𝐬𝐬𝐮𝐞𝐬 𝐥𝐢𝐤𝐞 𝐚𝐛𝐮𝐬𝐢𝐧𝐠 𝐨𝐟 𝐩𝐨𝐰𝐞𝐫 𝐟𝐨𝐫 𝐩𝐫𝐢𝐯𝐚𝐭𝐞 𝐠𝐚𝐢𝐧𝐬 [𝐞𝐠, 𝐠𝐢𝐯𝐢𝐧𝐠 𝐣𝐨𝐛𝐬 𝐭𝐨 𝐜𝐫𝐨𝐧𝐢𝐞𝐬 𝐜𝐡𝐮𝐫𝐜𝐡 𝐬𝐢𝐧𝐠𝐢𝐧𝐠 𝐠𝐫𝐨𝐮𝐩 𝐦𝐞𝐦𝐛𝐞𝐫 𝐠𝐞𝐭𝐭𝐢𝐧𝐠 𝐊𝟐𝟑𝟔 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧𝐟𝐥𝐚𝐭𝐞𝐝 𝐫𝐨𝐚𝐝 𝐜𝐨𝐧𝐭𝐫𝐚𝐜𝐭, 𝐊𝟏𝟎.𝟐 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐜𝐨𝐧𝐭𝐫𝐨𝐯𝐞𝐫𝐬𝐢𝐚𝐥 𝐂𝐨𝐫𝐨𝐧𝐚𝐯𝐢𝐫𝐮𝐬 𝐜𝐮𝐫𝐞, 𝐝𝐢𝐬𝐡𝐢𝐧𝐠 𝐨𝐮𝐭 𝐜𝐡𝐞𝐪𝐮𝐞𝐬 𝐚𝐭 𝐋𝐨𝐥𝐨𝐚𝐭𝐚 𝐈𝐬𝐥𝐚𝐧𝐝 𝐜𝐚𝐦𝐩, 𝐞𝐭 𝐚𝐥] 𝐚𝐫𝐞 𝐬𝐞𝐫𝐢𝐨𝐮𝐬 𝐫𝐞𝐝 𝐟𝐥𝐚𝐠𝐬 𝐭𝐡𝐚𝐭 𝐜𝐢𝐭𝐢𝐳𝐞𝐧𝐬 𝐦𝐮𝐬𝐭 𝐡𝐨𝐥𝐝 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐚𝐜𝐜𝐨𝐮𝐧𝐭𝐚𝐛𝐥𝐞.
𝐎𝐮𝐫 𝐞𝐦𝐨𝐭𝐢𝐨𝐧𝐬 𝐡𝐚𝐯𝐞 𝐛𝐞𝐞𝐧 𝐞𝐧𝐭𝐢𝐜𝐞𝐝 𝐛𝐲 𝐥𝐨𝐯𝐞𝐲 𝐝𝐨𝐯𝐞𝐲 𝐬𝐞𝐫𝐦𝐨𝐧𝐬 𝐚𝐧𝐝 𝐛𝐥𝐢𝐧𝐝 𝐫𝐞𝐬𝐨𝐮𝐫𝐜𝐞 𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥𝐢𝐬𝐦. 𝐖𝐞’𝐯𝐞 𝐛𝐞𝐞𝐧 𝐛𝐞𝐥𝐢𝐞𝐯𝐢𝐧𝐠 𝐢𝐧 𝐥𝐢𝐞𝐬 𝐰𝐡𝐞𝐧 𝐧𝐮𝐦𝐛𝐞𝐫𝐬 𝐝𝐨𝐧’𝐭 𝐥𝐢𝐞.
𝐎𝐧𝐥𝐢𝐧𝐞 𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥𝐢𝐬𝐦 𝐢𝐬 𝐟𝐢𝐧𝐞, 𝐛𝐮𝐭 𝐩𝐥𝐞𝐚𝐬𝐞 𝐭𝐚𝐤𝐞 𝐬𝐨𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐨 𝐫𝐞𝐚𝐝 𝐭𝐡𝐞 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭’𝐬 𝐨𝐰𝐧 𝐬𝐭𝐨𝐫𝐲 𝐚𝐬 𝐭𝐨𝐥𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭’𝐬 𝐨𝐰𝐧 𝐨𝐟𝐟𝐢𝐜𝐢𝐚𝐥 𝐬𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐬 𝐩𝐫𝐞𝐩𝐚𝐫𝐞𝐝 𝐛𝐲 𝐩𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥 𝐛𝐮𝐫𝐞𝐚𝐮𝐜𝐫𝐚𝐭𝐬 – 𝐧𝐨𝐭 𝐞𝐧𝐭𝐢𝐜𝐢𝐧𝐠 𝐰𝐨𝐫𝐝𝐬 𝐨𝐟 𝐩𝐨𝐥𝐢𝐭𝐢𝐜𝐢𝐚𝐧𝐬 𝐭𝐨 𝐰𝐢𝐧 𝐲𝐨𝐮𝐫 𝐟𝐚𝐯𝐨𝐫.
𝐓𝐡𝐚𝐧𝐤𝐬.
𝐇𝐚𝐯𝐞 𝐚 𝐧𝐢𝐜𝐞 𝐝𝐚𝐲.
𝐘𝐀𝐇 𝐁𝐥𝐞𝐬𝐬.



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1 thought on “Marape Government placed Papua New Guinea in more devastating debt burdens like never before in PNG’s history”

  1. Comment by Paul Barker, Executive Director at Institute of National Affairs via LinkedIn.

    PNG’s debt to GDP reached a severe level of around 70% at the start of the 2000s, but this was successful reduced largely through economic growth and some debt reduction through the economically productive 2000s. But then since 2011 we’ve been borrowing again every year, debt levels rising, plus debt to GDP expected to reach nearly 53% in 2023. It’s true, that like many developed and developing countries, PNG borrowed heavily during the years of the Covid19 pandemic, when revenue was well down, with reduced commodity prices and global trade ( except for gold- but then we’d closed ghe Porgera mine, which was unfortunate)

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