2017 Budget

PM confirms amendments to taxation measures

PM O’Neill said there will be a clarification of some measures that were included in the 2017 Budget that are intended to ensure that entities who are not paying their fair share of tax will be compelled to do so.

“We need a review of some taxation measures so as to eliminate any confusion that people may have,” the Prime Minister said in a statement.

“This includes measures in the budget that have been raised by the public and businesses.

Government to announce SWF board in 2017

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.