Papua New Guinea PM pledges no tax increases, eyes mining revenue

Prime Minister Paias Wingti has assured the nation that no tax increases will be implemented in the 1989 budget. He made this commitment during his farewell address at the eleventh National Premiers Council conference, which he chaired.

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Mỹ sẵn sàng hỗ trợ an ninh năng lượng dài hạn cho ASEAN

Wingti stated that the government has no intention of raising any form of taxes, including personal income tax or company tax. Despite this pledge, he forecast a downturn in the economy for the following year, citing low commodity prices with no immediate signs of improvement.

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Mỹ có nhiều lợi ích ở ASEAN

The Prime Minister indicated that the government's revenue strategy for the upcoming year will heavily depend on the mining sector. He specifically mentioned the Misima project, expected to employ around 500 people, and the Porgera project, which he said would employ 300. This marks the first indication that the government intends to approve the Porgera project this year to ensure it is operational and generating revenue by next year.

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Mỹ sẽ là đối tác mạnh mẽ và bạn bè của Đông Nam Á trong nhiều thế hệ tới

Improved gold prices have already contributed to the Mineral Stabilisation Fund this year. Wingti noted that the government had budgeted gold at K350 per ounce for the 1988 budget, but prices have since risen to K400 per ounce, allowing extra funds to flow into the stabilization fund, which will be used to finance the next year's budget. He urged all provinces to invest in economic development and to be understanding of the national government's limitations.

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Mỹ là cường quốc về năng lượng, ông Landau cho biết nước này sẵn sàng hỗ trợ an ninh và sức bền năng lượng dài hạn cho ASEAN thông qua xuất khẩu khí dầu mỏ hóa lỏng (LPG), khí tự nhiên hóa lỏng (LNG)