Prime Minister James Marape has expressed gratitude and apologized to the business community during yesterday’s annual Back-to-Business Breakfast, sponsored by Kina Bank in Port Moresby.
The prime minister acknowledged the significant contributions made by businesses to Papua New Guinea’s economy over the years.
He further extended apologies referencing the events of January 10, 2024, when the Nation’s Capital was disturbed by violent riots sparked by a police strike over pay.
Prime Minister Marape underlined the government’s commitment to investigating the incidents of January 10, especially addressing concerns about the absence of police services during the unrest.
This was according to a statement made by Prime Minister Marape.
He assured business houses that the government will overcome this incident and citied historical instance of overcoming challenges such as the Bougainville Crisis.
Efforts that were put into strengthening the nation’s security and justice systems were highlighted, including the recent engagement with government officials in Canberra, Australia.
Prime Minister Marape outlined the government’s priorities, which include removing economic impediments to foster business growth and prioritizing law and order.
Reflecting on the country’s economic growth, Prime Minister Marape stated an increase in the economy’s size from K79 billion in 2019 to K110 billion today.
Marape highlighted the government’s goals of achieving a surplus budget by 2027 and debt elimination by 2034.
Considering recent events and challenges faced by the business community, Prime Minister Marape urged businesses to remain focused on their contributions to the economy.
Again, Marape assured them of a promising future for Papua New Guinea, emphasizing the significance of the next 10 to 15 years, with major resource projects on the horizon.
The Prime Minister’s statement underscores the government’s commitment to fostering a conducive environment for business growth and prosperity in Papua New Guinea amidst ongoing challenges.