Deputy Prime Minister John Rosso has emphasized Morobe Province’s significant contribution to tax revenue, stating that it generates more than K40 million in Goods and Services tax.
According to a 2014 report by the National Economic and Fiscal Commission, all provinces collectively raised K1.1 billion in revenue, with more than half of this amount coming from the National Capital District and Morobe Province.
In 2022, Morobe Province contributed K205 million in Goods and Services tax revenue, highlighting the importance of fostering an environment conducive to investment to further enhance tax generation and stimulate economic growth.
Speaking during the inauguration of the 550-kilometer Erica Road project in Lae, Rosso reiterated the longstanding infrastructural challenges faced by the city, earning it the reputation of the “pothole city.”
He emphasized the urgent need to address these issues to unleash the economic potential of the province.
DPM Rosso underscored the vital role of infrastructure investments in supporting local businesses and facilitating economic expansion.
The Erica Road project, funded at nearly K9 million by the Department of Works, marked a significant milestone in addressing years of neglect and improving connectivity within Lae.
Rosso stressed the economic significance of such infrastructure improvements and highlighted the role of major companies, like Coca-Cola, located along Erica Street, in driving economic activity and tax revenue.
Rosso emphasized the responsibility of the District Development Authority and elected representatives in mobilizing resources to elevate Morobe Province’s infrastructure to international standards.
He acknowledged the crucial role of the Department of Works in ensuring road projects meet required standards and pledged to complete all feeder and main roads within Lae District, including sealing suburbs with lower traffic volumes.
Rosso highlighted the importance of partnership and collaboration among elected leaders to drive successful development initiatives, emphasizing the need for patience, diligence, and unwavering commitment in securing funding for vital infrastructure projects such as sealed roads.