PNG deprived of over 100,000 jobs due to poor govt policies
23 August, 2018, 6:19 pm
PORT MORESBY, 23 AUGUST 2018 (POST COURIER) – “Where have all the jobs gone?”
Shadow Treasurer Ian Ling-Stuckey posed the question when revealing that PNG has been deprived of over 100,000 formal sector jobs due to poor government economic policies over recent years.
He said this at a recent gathering of parents and students at the Lakurumau community school outside of Kavieng, when briefed on funding requirements for new teachers housing and a new school perimeter fence for 2019.
“The government keeps talking up the economy and how well growth is going. But we know that the number of jobs in PNG has been going backwards for years now. Indeed, the number of jobs has dropped from 381,000 in 2012 to 361,000 in 2017,” Ling-Stuckey said
“This is a loss of 20,000 formal sector jobs in five years under the PNC government led by Prime Minister O’Neill.”
He said the December quarter figures provided by the Bank of PNG on employment loss were staggering and clearly portrayed the real economic situation in the country in contrast to government’s misleading statements.
“The Bank of PNG December figures showed employment grew by over 150,000 from 231,000 to 381,000 from 2002 to 2012 under the National Alliance government.
“The Bank of PNG statistics showed the NA government created 75,000 new formal sector jobs every five years in contrast to the loss of 20,000 jobs under PNC’s first five years,’’ Ling-Stuckey said.
“Put together, if jobs growth had continued to the end of 2017 as it had under NA, there would be 95,000 new job opportunities for our youth (75,000 plus 20,000).
“And allowing for another six months of poor economic indicators in the first six months of 2018, it is safe to say PNG has now been deprived of over 100,000 formal sector jobs because of poor PNC economic policies.
“The government is taking PNG down the wrong path. They are hiding how bad things have become. They talk of growth, but jobs are going backwards. PNG needs to get back to the leadership that will return PNG back to genuine economic gains in our communities and a return to jobs growth. It needs to get rid of the national governments jobless growth policies.”
He said there were fewer opportunities for our children when they graduate coupled with a growing population “and we need to have economic policies in place that grow jobs, not bury them under government subsidised businesses that distort the market and increase prices of consumer goods, fake stories and broken promises.