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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Treasury Launches National Consultation on Draft Competition and Consumer Protection Bill 2026
The Department of Treasury has announced a nationwide public consultation on the Draft Competition and Consumer Protection Bill 2026, a major legislative reform aimed at modernising Papua New Guinea’s competition and consumer protection framework.
AWARENESS PROGRAM ON GOVERNMENT SECURITIES
August 21st to 13th November 2026
Hosted by:Department of Treasury in collaboration with BPNG, CEFI and Securitie Commission of PNG (SCPNG).
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.
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%
AUD0.3137
EUR0.1942
GBP0.1669
JPY35.1967
NZD0.3839
SGD0.2861
USD0.2258