Facilitating a broad-based economy in B’ville

By Sonia Kenu

The deputy administrator of the Autonomous Bougainville Government Raymond Masono has said one of the big responsibilities of governments is to manage the economy in a way that ensures sustained economic growth.

“When the economy is mismanaged, the population suffers from high interest rates, high cost of goods and services, high unemployment and, in the case of PNG, increased criminal activities,” he said.

Governments should not only be concerned about the economy but should actually intervene through policies that reduce the effect of adverse impacts on the living standards of citizens.

A broad-based economy is one where no single industry dominates and every major economic sector is developed and contributing to revenue.

Mr Masono stressed that the ABG can implement strategies to develop agriculture, tourism and mining in order to facilitate broad-based economic development in Bougainville.

This might mean the redevelopment and reopening of the Panguna mine rather than the development of a completely new mining project which could take between 15 and 20 years, time which the ABG does not have.

Mr Masono concluded by emphasising that a broad-based economy will also require the development of an integrated transport network, an effective health system and an inclusive education system.

Sonia Kenu is a journalism student at Divine Word University

Comments

[Aloysius Laukai]

URGENT ATTENTION,

Five people from Nissan Island, Bougainville have been missing out at sea for two weeks now.

They were last spotted 52.7 nautical miles off Torokina on the South West Coast of Bougainville mainland last Thursday.

Please if you have access to google search check and advice asap.
They could be sailing off towards Milne Bay

Thanks

ALOYSIUS LAUKAI
NEW DAWN FM
BUKA