Timely reporting on public expenditure across PNG has improved by 41 %
Port Moresby, June 21, 2016 – Timely reporting on public expenditure across PNG has improved by 41% within the last 3 months, since PNG’s Department of Finance introduced a new monitoring and evaluation tool. Before the introduction, only 9 districts out 89 submitted reports on time, now the number increased to 37 districts.
The progress is significant to the Department of Finance, which faces serious backlogs in receiving financial reports from 600 government accounts it manages, with some districts delaying reports for over 50 months.
To improve its financial reporting and control functions, Department of Finance with UNDP support launched new management system that aims to boost efficiency, transparency and accountability.