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People's Party Policy Statement 2020-2027

Putting People First

 VI. IMMEDIATE ACTIONABLE POLICY POINTS 

E. ECONOMIC DEVELOPMENT.

People’s Party strongly believes that we have to make enough money from our own internal sources in order to spend. We cannot continue to borrow to fund our growing budget which further burdens our future generations.

 

1. Promote Tree Crop Exports.

People’s Party advocates for K1 billion funding from the National Government’s budget every year for 10 years to fund a PNG Agriculture Green Programme to revive those plantations of PNG’s dominant tree crops which are or are trending to be in global demand, and to increase plantation and estate business model production.

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2. Promote Food Crops Development.

Promote domestic commercialisation of all food crops for domestic market demand, for national food security, and promote exports of high-value food crops.

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3. Promote Domestic Rice and Grain Industry.

People’s Party believes that PNG can grow and market quality, nutrition-laden rice efficiently to meet its domestic market and even export surplus to our Pacific neighbours. PP will promote a domestic rice industry to be spearheaded by Kumul Agriculture Holding under a Kumul rice brand.

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4. Promote Livestock Industry for Domestic Market and Exports.

Promote the effective development of PNG’s livestock industry using best business models to produce in quality and quantity to meet all of the country’s meat demands and to humanely export live animals to neighbouring Asian countries.

 

5. Promote Down-stream Industries – Exports and Replace Imports: Agriculture, Fisheries, Forestry.

Promote downstream processing industries of our tree crops, food crops for exports, fisheries produce, and forestry produce to benefit from global commodity premium prices. Improve energy and water infrastructure and provide incentives such as special concessions on vital utilities such as electricity and water bills, and telecommunication costs. Security will be given to cut overhead costs and efficiency of the industries.

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6. Promote Greater Participation of State and Landowners in the Development and Management of PNG’s Mineral Sector.

People’s Party stands to negotiate vigorously for better deals out of any new investment in mining and petroleum projects in the country.

 

7. Promote SMEs – Training, Grooming, Financing, Marketing, Management.

Promote SME development through a comprehensive training and grooming pathway backed by effective financing, marketing, and management packages that graduates SMEs into bigger more established corporations and industries.

 

8. Promote Productive Land Use Under a National Economic Corridor Development Program

Economic potential throughout PNG to be identified and customary land mobilised through ILGs and made available in the formal land market for commercialisation in all economic industries using appropriate business models and modalities.

 

9. Review and Reduction of Personal Taxes.

Personal tax has been burdensome to our workforce and considered regressive. PP will review to make it less burdensome to give more incentives for many more to enter the workforce to be more productive.

 

10. Review on Minimum Wage Rates.

Increase the minimum wage rate from K4 per hour to K10 per hour for labourers in plantation, shops, and construction. What our work force is getting is far less in parity and by comparison to the cost of living. PP strongly believes that economic efficiency gains in the economy through complementary reforms and incentives should negate any inflationary pressures of such policy initiatives.

EXPECTED OUTCOME/RESULT

E1.

Production and export volume and value to increase by 95% while Government revenue collections from taxes and levies to increase by threefold from the tree crops commodities alone.

E2.

Annual food import bill of K200 million is saved.

E3.

Annual rice and grains import bill of 900 million is saved.

E4.

Annual meat imports bill of over K300 million is saved.

E5.

Exports earning with Forex inflows with Government revenue collections to increase significantly.

E6.

State and landowners uptake in all new minerals projects increased resulting in increased monetary and economic benefits accrued to the nation.

E7.

SME per capita GDP is increased significantly while 90 percent of SME economy is owned and operated by nationals.

E8.

50% of land in PNG is made available in the formal market for productive business and economic activities.

E9.

Purchasing power of workers increase while motivation for people to enter the labour force in productive employment increases.

Welfare of our labourers and their family improved.

E10.

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ADDRESS

Irelya Village, Sect 35, Lot 16, 

Kitty Hawk Street, 6 Mile, NCD

P.O. BOX 218, Waigani, Port Moresby, NCD, Papua New Guinea

CONTACT

PHONE:  72186065
EMAIL: info@peoplespartypng.com

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