Timely Publication of the Fiscal Information (PNG0031)
Overview
At-a-Glance
Action Plan: Papua New Guinea Action Plan 2025-2029
Action Plan Cycle: 2025
Status:
Institutions
Lead Institution: Government: DoT CSO: INA
Support Institution(s): Government: DNPM, DOF, NEFC & DIRD CSO: CIMC Other: NRI, UPNG
Policy Areas
Fiscal Openness, Participatory Approaches, Public Participation, Publication of Budget/Fiscal InformationIRM Review
IRM Report: Pending IRM Review
Early Results: Pending IRM Review
Design i
Verifiable: Pending IRM Review
Relevant to OGP Values: Pending IRM Review
Ambition (see definition): Pending IRM Review
Implementation i
Completion: Pending IRM Review
Description
Commitment 8.4.3: Timely Production and Publication of Fiscal Information
This commitment enhances the Department of the Treasury's routine duties to make up-to-date fiscal information available on the Treasury Website. The commitment carries over from NAP II and remains a key government focus in the OGP space.
The fiscal information to be made available to the public includes MYEFO, FBO, and any other fiscal information necessary for citizens' access.
Tables 1-4 below provide a summary of the commitment's activities, key milestones, strategies, and indicators.
Table 1: Commitment 8.4.3: Timely Production and Publication of Fiscal Information
Objective
To increase public confidence in budget formulation and expenditure
| OGP Global Commitment | MTDP IV DIPS | OGP Commitment | No. | | Summary Activities |
|----------------------|--------------|----------------|-----|---|-------------------|
| 4 | DIP 7.4 - Public Finance Management | Timely Production and Publication of Fiscal Information | 4.3 | | Timely production and publication of fiscal information on the Treasury website and other mainstream media outlets |
Lead Implementing agency
Government: DoT
CSO: INA
No. | DELIVERABLES | 2025 | 2026 | 2027 | 2028 | 2029
---|--------------|------|------|------|------|-----
1 | Mid-Year Economic and Fiscal Outlook (MYEFO) Produced and Published
- Conduct regular stakeholder meetings ✓ ✓ ✓ ✓
- Coordinates the inputs of various stakeholders ✓ ✓ ✓ ✓ ✓
- Consolidates the inputs of various stakeholders ✓ ✓ ✓ ✓ ✓
- Finalise the MYEFO ✓ ✓ ✓ ✓ ✓
- Launch and publish the MYEFO ✓ ✓
2 | Final Budget Outlook Produced and Published
- Conduct regular stakeholder meetings ✓
- Coordinates the inputs of various stakeholders ✓ ✓ ✓ ✓
- Consolidates the inputs of various stakeholders ✓ ✓ ✓ ✓ ✓
- Finalise the FBO ✓ ✓ ✓ ✓ ✓
- Launch and publish the FBO ✓ ✓ ✓ ✓
3 | Annual Budget Books Produced and Published
- National Budget Press-Lockup
- Tabling of the National Budget Volumes on the Floor of Parliament ✓ ✓ ✓
- Launching of Budget Volumes ✓ ✓
- Media Conferences ✓
- Publication of Budget Books on websites and other media platforms
Table 3: Strategies
No | Implementation Strategy | Policy Reference
1 | Effective and timely production and publication | MTDP IV 2023-2027
2 | Improved accessibility | PFMA 1995
3 | Improved enforcement and coordination | PNG Planning and Monitoring Responsibility Act 2016
Indicators
No | Indicator | Source | Baseline (2024) | 2025 | 2026 | 2027 | 2028 | 2029
1 | Timely production and publication of annual MYFO, FBO, and other fiscal data | DOT | | | | | | |
2 | Timely availability of budget documents on government websites (1-10) | DOT | | | | | | |