1 / 11

Floyd Lala Assistant Secretary Department of National Planning and Monitoring Papua New Guinea

ASIA-PACIFIC CONSULTATION ON BUILDING ASIA-PACIFIC: EVIDENCE FOR THE FIRST HIGH LEVEL MEETING OF THE GLOBAL PARTNERSHIP FOR THE EFFECTIVE DEVELOPMENT COOPERATION from BUSAN to MEXICO, Seoul, 10-11 March 2014. Floyd Lala Assistant Secretary Department of National Planning and Monitoring

darryl
Download Presentation

Floyd Lala Assistant Secretary Department of National Planning and Monitoring Papua New Guinea

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. ASIA-PACIFIC CONSULTATION ON BUILDING ASIA-PACIFIC: EVIDENCE FOR THE FIRST HIGH LEVEL MEETING OF THE GLOBAL PARTNERSHIP FOR THE EFFECTIVE DEVELOPMENT COOPERATION from BUSAN to MEXICO, Seoul, 10-11 March 2014 Floyd Lala Assistant Secretary Department of National Planning and Monitoring Papua New Guinea

  2. Presentation Outline • Snapshot of PNG • Development Plans: Basis for Domestic Resource Mobilization in PNG • PNGs Experiences in DRM • Achievements and Challenges • Policy Reforms and Initiatives • Going Forward

  3. Development Plans: Basis for Domestic Resource Mobilization in PNG.“STRONG GOVERNMENT OWNERSHIP”

  4. Policy Oriented Budget Funding Allocations • 7 Key Enablers • Targeted and costed sector interventions • MTDP identified resource gaps

  5. Papua New Guinea’s Experiences • ODA and AID will decline • Internal Funding needs to increase • Increase in Tax revenue primarily due to mining boom. • LNG revenues • SWF • Joint Annual Work plans (UN Systems and Govt) • Trilateral Arrangements (EU, UN and Govt)

  6. ACHIEVEMENTS AND CHALLENGES • ACHIEVEMENTS • Harmonization of limited resource to achieve a common goal. • Long term investments in priority infrastructure projects. • Consistent and timeliness in drawing down of funds for activity implementation • Supports government efforts in multiyear budgeting.

  7. ACHIEVEMENTS AND CHALLENGES • CHALLENGES • Diminishes the prominence of the DP or the governments • Capacity constraints amongst line ministries to implement this model. • DP procurement policy. • Unpredictability and Aid Volatility

  8. POLICY REFORMS AND INITIATIVES • Sector, Sub-National and DP Country Assistance Strategy Alignment • Multiyear Budget Approach • PFM and PEFA • Public Private Partnership • Tax Reforms • Development Finance and Aid Policy • Aid delivery Modality arrangements • Investments in SME to increase Tax Base

  9. GOING FORWARD • Formulation of DFAP • Institutional strengthening for Multiyear budget approach • Multiyear forecast for JAWP • Strengthening of public revenue mobilization mechanism and systems in order to fund development objectives. Through TAX Reforms and Review of PFM. • Public Service Reforms • Investment SME Growth including access to financial capital markets.

  10. Thank you and greetings from PNG!

More Related