Prime Minister Peter O'Neill gave his full backing of the 2014 Budget today, saying it continued the foundations laid in 2013.
He said the record spending in infrastructure development, health, education, and business development (SME) was justified for the continued growth of the country's GDP.
"No economy can grow without investing in infrastructure development. That is a fact all around the world," the Prime Minister said during debate in Parliament.
"We are continuing the rehabilitation of the highlands highway with K150 million, we are putting another K100 million into Lae city roads. There's K10 million for the Buluminski Highway to complete the upgrade to Namatanai.
"With ADB funding we will upgrade and seal the Malalaua – Kerema highway. This will continue to Kikori, and link up with the Southern Highlands Gulf Highway which is being funded. This will connect that part of the world to the rest of highlands, and Lae and Madang.
"The Australian Government will fund the Ramu – Madang Highway. And there are allocations for other roads in the country which must be upgraded and built so our people can use them to have accessibility and give them opportunities."
Mr O'Neill said the K50 million allocated for the development of the Sepik plains will create opportunities in that part of PNG.
"There has been a lot of talk over the years to develop this region, but nothing is ever done. I want to commend the Commerce and Trade Minister for initiating this project and engaging a developer for this project which will create a lot of opportunities for the Sepik people and also the country at large."
The Prime Minister also explained an allocation in the budget for the PNG LNG project which would enable landowners to directly participate in the massive project.
"This was agreed to when we sanctioned the project during the UBSA negotiations. We are now allocating the funds to allow the landowners to participate, to give security to the project that is vital to our economy.
"The Opposition leader has misrepresented himself and misled the house by describing it as expropriating something belonging to our people. If he reads the budget books better, he will understand and not make misleading and inflammatory comments like he did," he said.
He urged the Opposition leader to debate facts, and put the interest of the country first before personal and individual interests.