One of the PNC'S key policies is growing our Economy
People’s National Congress Party believes in developing and sustaining a stable political environment and a strong and secure economy in Papua New
PNC’s immediate and long range commitment is to ensuring that Papua New Guinea continues to offer competi- tively advantageous conditions to attracting worthwhile foreign investment from other countries by making sure that we continue to have:
- stable political environment;
- sound fiscal management;
- commitment to strong economic growth;
- strong commitment to minimizing political risk factors that may impact negatively on investment; and · a welcoming and encouraging approach to investment.
People’s National Congress and our governing coalition partners can confidently re-assure Papua New Guineans and the foreign investment community that these pre-conditions for increased economic development in our country do exist at present and they will continue to exist under PNC-led government’s watch now and in the future.
PNC and our governing coalition partners are in a position to deliver fully on our policies and our programs with overwhelming parliamentary and community support.
The management of our budget and our overall fiscal environment are sound. We will have strong GDP growth for as far as we can see into the future.
We expect our GDP to increase further by 2015 and beyond due to the commencement of export of our liquefied natural gas resource.
Our nation’s initial US$20 billion gas project will be soon joined by two new projects.
On the back of strong GDP growth and revenue inflows our PNC-led government has been able to address some of our major social challenges such as healthcare, basic education, rebuilding our rundown major transport infra- structure and services since coming to office in 2011.
The government that PNC formed with its current partners continue to deliver on these core policies.
PNC recognises and is doing all in its power with the support of our coalition partners to meet the demands of a growing economy and a growing population that is demanding better basic services and greater opportunity.
People’s National Congress Party is committed to and believes in growing Papua New Guinea’s small and me- dium enterprises sectors.
Under the current PNC-led governing coalition we have launched a 12-point plan to grow our small business and medium business sectors and we are committed making this undertaking achieve successful outcomes.
Under PNC-led government leadership we will move to fast-track the approvals for at least three major resource projects by 2013.