Young Leaders Network (YLN)

The Young Leaders Network is an initiative to bring together junior staff to encourage and nurture their professional development.  The group was formed in 2015 and comprises 12 members.  2016 has been a busy year for the group with many activities. (more…)
More

National fees and charges revised

Many fees and charges to the general public across the nation have not been revised for many years.  The Department of Finance worked with other government agencies to review fees and charges and bring them up to date.  An Act (Section 209 and 210 of the Constitution and Section 5 and 7 of the Public Finance (Management) Act 1995) was passed on 1 January 2015.  (more…)
More

Public Finances Management Act (PFMA)

The PFMA was passed unanimously by Parliament on 11 August.  We are expecting certification very soon and staff are working on updating the Financial Management Manual to reflect the improvements.  These amendments are a result of the extensive work which resulted in the PEFA Reform Road Map 2015-2018 released in September 2015.  (more…)
More

Department of Finance in the spotlight at international PEFA Conference

The Secretary presented the Department’s work at the annual international PEFA (Public Expenditure and Financial Accountability) conference 26-29 April held in Hungary.  This year’s conference, PEFA: PAST, PRESENT AND FUTURE, provided an overview of the experience and achievements of the PEFA program over the past decade, explained the PEFA 2016 Framework and discussed future opportunities to increase the PEFA program’s contribution to PFM reform.  (more…)
More

Staff Graduation

Congratulations to inaugural Department of Finance graduates who graduated in April from the University of PNG.  These graduates are the first employees to have benefited from a visionary medium-term initiative to skilling and professionalising the public service financial sector.  There are a total of nine graduates, six Bachelor of Business Accounting and three Bachelor of Public Policy.  (more…)
More