Papua New Guinea State Uses Central Fund for Political Party Support
What happened
The State in Papua New Guinea uses the Central Fund to provide support for political parties, a requirement established by the Organic Law on Political Parties and Candidates (Olippac). Since 2001, the Government has paid over K85 million to political parties. The Political Parties Registrar stated that K85,638,434 was paid out in the last 24 years, covering stipends and salaries for party executives.
From thenational.com.pg
Why it matters
Officials note that there is currently no system in place to trace how the funds provided by the Central Fund were spent. The lack of inter-agency coordination for monitoring is cited, contributing to concerns about money politics in Papua New Guinea.
From thenational.com.pg
Who's involved
- stateThe State entity that utilizes the Central Fund for political party support
- Central FundThe government fund used by the State to support political party activities
- Papua New GuineaThe geopolitical state where the funding and political party activities occur
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Papua New GuineaSpeculative
The lack of financial accountability in public funding could potentially increase investment risk and affect the cost of doing business in Papua New Guinea.
Keep exploring
The entities involved
-
state
organised community living under a system of government; either a sovereign state, constituent state, or federated state
- Matthew Stevens, who works for the Hawaiʻi Workforce Funders Collaborative, was mentioned in connection with Gill, who advocates for workers in Hawaiʻi's industries.
- A state must conclude a new economic program with the International Monetary Fund, influenced by the global economic impact of the Middle East conflict.
-
Central Fund
Government fund for support for workers
Nothing else this week.
-
Papua New Guinea
country in Oceania
Related events
- Stratfor provided foreign aid to Papua New Guinea and gathered inside information on its politics in 2012.
- The Bank of Papua New Guinea operates within Papua New Guinea and conducts programs in Central Province.
- Papua New Guinea is preparing for national elections as its sub-national government system undergoes transformation.
- A summit was held in Port Moresby regarding PNG's development, focusing on financial policy reform and central bank operations.
- The government of Papua New Guinea governs the nation and uses the Kina currency for maintenance costs.