Trouble in Pacific Paradise

The Asian Development Bank today released their Pacific Economic Monitor report and highlighted how the Global Financial Crisis has and will hit the region. Less tourism, less spending and don't forget the vulnerable. Here is the story:

http://www.theepochtimes.com/n2/content/view/17584/

Below is a story I prepared earlier about PNG government spending of the 2008 Budget. It's debatable as to what could be considered "low priority" government spending - just have a look at last year's list.

http://news.theage.com.au/breaking-news-world/rudd-trip-adds-to-png-budget-deficit-20090420-acd3.html

The PNG Treasury's 2008 Final Budget Outcome report can be found here:

http://www.treasury.gov.pg/html/national_budget/files/2009/budget_documents/Related%20Budget%20Documents/2008%20FBO%20Report.pdf