Welcome to Treasury
Treasury is the Papua New Guinea Government’s principal economic and financial advisor. Through our rapid analysis of changing events, and by setting and implementing the direction of the nation’s economic policy, we work to achieve strong, sustainable and equitable growth for all Papua New Guineans.
Our Mission
Our Mission is “to position the Department of Treasury to achieve sustained efficiency and effectiveness in the provision of economic policy advice to enable the Government to maintain continued success in the management of the country’s economy.”
Our Vision
Our Vision is “to support the Government to maintain the country’s record of strong economic growth within a sustainable macroeconomic environment, through sound and practical fiscal, budgetary and structural policy advice, that improves the well-being of the people of Papua New Guinea.”
Our Core Values
To achieve the best outcomes for our Nation, we are guided by the core values of Excellence, Professionalism, Accountability, Equality, Transparency, Teamwork, Commitment, and Quality Visionary Leadership that will lead the country into the future.
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AWARENESS PROGRAM ON GOVERNMENT SECURITIES
August 08th to 10th October 2025
Hosted by: Department of Treasury in collaboration with the Bank of PNG, Kina Securities, BSP Capital Ltd & Centre for Excellence in Financial Inclusion (CEFI)
Economic Update: 2024 Final Budget Outcome (FBO) Report and 2025 Budget Implementation
Mr. Speaker,
I am once again humbled to present an economic update to this Parliament. In addition to some good news for our struggling families, I will present key messages from the 2024 Final Budget Outcome, also known as the FBO, and 2025 budget implementation.
2025 National Budget Press Lock-Up
Department of Treasury wish to advise interested Media Organizations and
Financial Institutions that the 2025 National Budget Press Lock-up will be held
on:
Date: Thursday 28th November, 2024
Time: 10:00AM to 2:30PM.
Venue : State Function Room – Parliament House (C-Block)
Current Budget
See How the Latest Budget Will Deliver for Papua New Guineans
Economy at a Glance
- GDP (Nominal): $23.587 billion (USD)
- GDP (PPP): $34.257 billion (USD)
- GDP Per Capita: $3,020 (USD)
- GDP Growth: 3%
- Inflation: 0.6%
AUD0.3596
EUR0.2005
GBP0.1741
JPY35.2055
NZD0.4085
SGD0.3028
USD0.2338