Beyond the 100 Days

The Government had announced it will outline its 100 day plan for economic recovery and how to sustain its programs [Gorethy Kenneth compiled that lead story in the Post Courier, Monday 7^th of August, 2017].  At that same press conference, the then Acting Treasurer and Deputy Prime Minister, Charles Abel proclaimed that he has “directed the set-up of a small team to compile a list of targets and outcomes for the next 100 days to increase economic activity and install efficient public expenditure”

As of,  Monday 21^st of August 2017, it will be two weeks since that proclamation and the PNG Treasury is yet to have released an update on what may really happen and it is likely a 2017 supplementary budget is looming. This anxiety draws to that fact that there has been much conjecture from public opinion. This confusion is not healthy for any investment decision makers and certainly creates ill-conceived discussion around the subject that only tends to create more anxiety for the less informed. The Government must announce a clear fiscal and/or monetary policy regimes it intends to put in place.