ABG upholds fiscal transparency in 2025 First Quarter Budget Reviews
The Autonomous Bougainville Government, through its Department of Treasury & Finance, has submitted its 2025 First Quarter Budget Review to the National Department of Treasury in Port Moresby this week.
Secretary for Treasury and Finance, Joshua Tauko, said the First Quarter Budget Review Report reflects both the ABG’s financial realities and its strong commitment to deliver essential public services and strategic development outcomes, despite fiscal constraints.
“The First Quarter’s performance was marked by uneven cash flows, particularly in the delayed disbursement of Goods and Services and Public Investment Program (PIP) funds. Nonetheless, the Administration remained focused in its core responsibilities; meeting payroll obligations, advancing priority projects and strengthening fiscal controls,” Secretary Tauko said.
He noted that the ABG was the fourth region out of the country’s 22 provinces to submit its report, demonstrating the Bougainville Government’s commitment to transparency, accountability and timely financial reporting.
The first quarter also saw significant milestones for the ABG including the establishment of the Bougainville Constituent Assembly, progress on the Sharp Agreement and initiatives under the Anchoring Bougainville Economy Framework, reflecting the Bougainville Government’s commitment to its political aspirations.
“These milestones were supported by a dedicated public service working within challenging circumstances to uphold service delivery,” he added.
Secretary Tauko said that despite ongoing challenges, tangible reforms are progressing, highlighting the operationalization of a more consistent remittance system between the Internal Revenue Commission (IRC) and ABG, as one such example of progress in ABG’s revenue modernization efforts.
“As we look ahead, the ABG remains resolute in transforming its fiscal architecture to be more self-reliant, responsive and aligned with the long-term aspirations of our people.”
The report, compiled through consultations with all ABG agencies, is a legal requirement for the release of funds for the next quarter, and reflects the ABG’s ongoing commitment to sound fiscal management and good governance.
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