Time:3 September, 2010
Listen Live or
Listen Again here
Posted at 23:17 on 18 November, 2009 UTC
The Papua New Guinea Government has compiled a record 1 billion US development budget to pursue its ambitious development priorities next year.
The National newspaper reports the Finance and Treasury Minister, Patrick Pruaitch, says that the reason for the concerted increase in development spending was to improve crucial infrastructure in the hope that it would enhance future economic growth potential.
The major piece of the development pie of 85 million US dollars was injected to improve national and rural roads infrastructure.
Also under major expenditure programmes Air Niugini will get 11 million US dollars to procure new aircraft.
News Content © Radio New Zealand International
PO Box 123, Wellington, New Zealand
NZ's McCully says aid cut was right thing to do in order to deal with other challenges.
full story
Samoa Democratic United Party leader dies.
full story
NZ's foreign minister rejects his govt's aid policy is paternalistic.
full story
Kiribati's Christmas Island resettlement plans contingent on water.
full story