By Shemmeine Harley
UPNG Journalism Student<\/p>\n
Former Deputy Prime Minister, Charles Abel, expressing his concerns on the 2025 PNG Update over the country\u2019s slow economic growth rate, citing average growth rate in GDP per capita since independence.<\/p>\n
Mr Abel, who recently chaired a task force, reviewing Papua New Guinea\u2019s 50 years of development, delivered an open assessment of the country\u2019s economic performance.<\/p>\n
\u201cPapua New Guinea\u2019s economic growth rate is insufficient to drive development and meet the expectations of its people,\u201d said Mr Abel.<\/p>\n
Abel pointed out that despite the country\u2019s rich resources, PNG\u2019s economy has not grown at a rate that correlates to its constitutional goals or development plans. He attributed this to poor management, lack of evidence-based decision-making, and an over-reliance on emotional or nationalistic considerations rather than facts and figures.<\/p>\n
The former Deputy Prime Minister, Mr Charles Abel emphasized the need for PNG to restore the morality and integrity of its Constitution, leverage data and evidence for decision-making, and prioritize smart, sustainable, and inclusive growth. He also stressed the importance of accountability, transparency, and impact in governance.<\/p>\n
Abel make remarks during his presentation at the University of Papua New Guinea. outlined the key principles and recommendations of the task force\u2019s report. The report identifies 10 big bets for PNG\u2019s future development, including restoring the integrity of the Constitution, advancing human development, and promoting economic growth.<\/p>\n
The former Minister also highlighted the challenges PNG is facing, including a high population growth rate, multidimensional poverty, and stunting among children. He emphasized the need for leaders to prioritize the welfare of the people and make decisions that benefit the country in the long term.<\/p>\n
The message that Abel brings of PNG\u2019s economic is clear, stating, the country needs to change its approach to development and governance if it is to achieve its goals and improve the lives of its people.<\/p>\n","protected":false},"excerpt":{"rendered":"By Shemmeine HarleyUPNG Journalism Student Former Deputy Prime Minister, Charles Abel, expressing his concerns on the 2025 PNG…\n","protected":false},"author":2,"featured_media":84862,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[63774,64,63,99,164],"class_list":["post-84861","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-2025-png-update","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/84861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=84861"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/84861\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/84862"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=84861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=84861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=84861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}