17 Jul 2013

PNG keen on tightening financial management

3:30 pm on 17 July 2013

The Papua New Guinea government has moved to end the abuse, misuse and misappropriation of public funds in Waigani where the country's finances is managed.

The finance minister James Marape has told parliament that no more project submissions will be entertained by the Department of Finance and National Planning offices in Waigani.

He said the country stands in front of a potential economic boom, and the government must ensure that its systems are strengthened for effective delivery of services.

He says gone are the days when friends of ministers or friends of Waigani public servants can bring submissions to central agencies.

He says during that time, funds were being disbursed on an adhoc basis, and the finance offices in Waigani had become a pool of project submissions by proponents who were drinking coffee in cafes in downtown Port Moresby.