17/11/2025
: K2 BILLION IN MORE FAKE STORIES FROM O’NEILL.
“PNG has not received K2 billion in the last two weeks from dividends and loans as claimed by O’Neill. This is just fake news. The spin-master back to old form. How can we ever trust him?
“There is no agreement for a K600 million from one of the local banks.It is part of the financing plan for the 2026 Budget subject to approval.Definitely no cash received. We did sign budget support assistance from the ADB last week, all part of our 2025 financing plan and all part of our credible repayment plan but this then goes back to the ADB Board for consideration, and no cash for at least a month. We have asked the Kumuls to pay an extra billion, all part of what they owe the state including 3,299 from KPHL, but they haven’t.
“A claimed K2 billion to the Government, but in fact, nothing received in the last few weeks.Another blatant lie.
“The O’Neill emotional manipulation is then saying we should use this non-existent K2 billion to pay for medicines. Inventing fake stories we have lots of cash, when the reality is we don’t.
“The MYEFO made clear we were facing cash shortfalls of K1,457 million in 2025. The Government is hiding nothing. Unlike the strong revenues in 2022 and 2023, cash coming to the government in 2024 and 2025 is not as high as expected. We are working to live within our means so we can stop building up extra debts as we get back to a surplus in 2027.
“The shortage of medicines and other medical supplies is a major problem. The impacts on our rural health facilities and hospitals is causing real pain for our people. As explained by the Minister for Health, the solutions are more complex than just cash. As highlighted in the media this morning, hospital staff say the drugs are available, but a large part of the problem is to do with the logistics of delivering the correct medicines to the correct hospitals and health centers on time. More staff are also being employed, and the new University of Medicine and Health Sciences will help train more staff.
“There is no extra K2 billion in cash. recieved in the past weeks as claimed by Oneill. Just another lie. Revenues are down, as we advised in our MYEFO released three months ago.Getting medicines out is a major priority area of action – the solution is not just a simple matter of cash. Our media should check the facts prior to publishing such fake stories. We expect more fake stories for O’Neill. The media should not trust him, PNG should not trust him.
Hon. Ian Ling-Stuckey, CMG. MP
Minister for Treasury
17 November 2025