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PNG Government to address Inflation issue in Supplementary Budget

 Papua New Guinea PRIME Minister James Marape has announced that his government will address inflation in the Supplementary budget and implement the K610 million assistance they put out before going into election. Prime Minister Marape said the government had responded to the high inflation rate by increasing the basic salary range from K12,000 to K17,500 including a K200 project fee to schools nationwide. “We also removed 10 per cent of the fuel voucher and if it is not enough it will not stop the imported inflation that we are experiencing today but at least our government did make the first step today,” PM Marape said. “Before we went out into elections, we put out K610 million worth of assistance, including those who earn salary under K17,000 – the threshold before was I think K12,000 if I am not wrong and that is an increase. That’s low salary for shop assistance, security guards, the casuals, those who are at the lower end of the salary structure,” PM Marape said. “The tax holida