THE Government has launched a new Finance Management Manual, marking the first comprehensive overhaul of Papua New Guinea’s public financial management framework in more than two decades.
Finance Minister Hon. Thomas Opa unveiled the seven-volume manual today, describing it as a critical step toward strengthening how public funds are managed, accounted for, and reported across all levels of government.
“The seven-volume manual strengthens how public funds are managed, accounted for, and reported across government,” Opa said. “It provides clear standards for transparency, accountability, and modern financial governance in a digital environment.”
According to the Minister, the reform is aimed at safeguarding every kina entrusted to the State and ensuring that Parliament’s budget decisions are translated into tangible services for citizens.
The launch comes as PNG continues to roll out its Integrated Financial Management System, which is now operational across all provinces, districts, Local Level Governments, and national departments. Opa said this transition positions the country to move toward a fully digital and accountable public finance system.
Opa acknowledged the support of Prime Minister Hon. James Marape, Treasurer Hon. Ian Ling-Stuckey, Finance Secretary Sam Penias, staff of the Department of Finance, technical teams, and development partners for their contributions to the milestone.
“This reform is about protecting every kina entrusted to government and ensuring Parliament’s budget decisions translate into real services for our people,” he said.