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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

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

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  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!

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