Transcript ASIA-PACIFIC CONSULTATION ON BUILDING ASIA

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
Presentation Outline
 Snapshot of PNG
 Development Plans: Basis for Domestic Resource
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Mobilization in PNG
PNGs Experiences in DRM
Achievements and Challenges
Policy Reforms and Initiatives
Going Forward
Development Plans: Basis for Domestic
Resource Mobilization in PNG.
“STRONG GOVERNMENT OWNERSHIP”
Policy Oriented Budget Funding
Allocations
 7 Key Enablers
 Targeted and costed sector interventions
 MTDP identified resource gaps
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)
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.
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
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POLICY REFORMS AND
INITIATIVES
 Sector, Sub-National and DP Country Assistance
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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
GOING FORWARD
 Formulation of DFAP
 Institutional strengthening for Multiyear budget
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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.
Thank you and greetings from
PNG!