Papua New Guinea's treasurer, Don Polye, has assured there will be no financial or governance failures in the country, contrary to what the opposition would have the people believe.
The comment follows claims by the rival administration of Sir Michael Somare which warned that the poor fiscal management by the O'Neill government was endangering the economy.
The two sides are locked in a legal dispute, with both claiming legitimacy.
Mr Polye has told the Post Courier newspaper that the O'Neill-led government ensured that funds were spent on government priority areas and that they were not mismanaged or allowed to be stolen by any individual.
The rival government has alleged that Mr O'Neill and Mr Polye last year illegally spent 300 million US dollars.