Treasury Minister Patrick Pruaitch

Treasurer Patrick Pruaitch, when delivering his 2017 Budget speech in Parliament yesterday, said an independent firm has been engaged to carry out a comprehensive executive search in the domestic and international labour market. This is to identify and recommend suitable candidates for appointment as chairman and members of the PNGSWF board.

This is revealed in the Government’s ‘Funds Released Report’ as at 30^th June 2016, presented by Treasury Minister, Patrick Pruaitch.

According to the report, K9.797 billion has been expended from the K15.200 billion authorised through government warrants.

This is a 64 percent expenditure of the total warrants authorised by Treasury for this quarter.

The authorised warrants cover operational, debt servicing (operational) and capital investments by the Government of PNG.

Prime Minister Peter O’Neill told the media at the Jackson’s airport that since the formation of the Government, they haven’t had the opportunity to sit down and discuss their programs with their coalition partners and Members.

“So this is a good opportunity to do that.

“This is not about numbers game. We are going down there to discuss our work program for the next 12 months before the elections.”

Treasury Minister and National Alliance Party Leader, Patrick Pruaitch, said: “The NA is all about stability and we believe in stability.