About the Department

About Department of Finance

The Department of Finance is a key central agency of the government of Papua New Guinea mandated by the Constitution, the Organic Law on Provincial and Local-level Governments and the Public Finance Management Act (PFMA).

The department is specifically responsible for providing direction and support in Financial Policy Formulation, Financial Systems Development and Maintenance, Financial and Accounting information processing, Financial Management and Accounting procedures, monitoring of Financial Performance against the Budget and Legislative compliance and Financial Reporting requirements for the whole of Government.

Other specific requirements creating and authorizing the performance and execution of Department's responsibilities come from policy determinations of government reflected in government development plans and annual budgets.

 

Mission Statement

“To promote the efficient, effective and ethical use of public money in Papua New Guinea”

 

We protect the public money of all the people of Papua New Guinea by providing service to the government through the Minister of Finance. The department aims to constantly improve the transparency and accountability of accounting and financial reporting and frameworks.

Vision Statement

“To serve the people of Papua New Guinea by ensuring public money is used to achieve broad-based and sustainable development, particularly in rural areas”.

Departmental Values

“We Provide Service to the people, We act with Honesty at all times, We accept Accountability for our actions, We respect all people and We are Professionals in our work”

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