News Articles

The National Economic and Fiscal Commission Chairman and Chief Executive Officer Patrick Kennedy Painap says the Intergovernmental Fiscal Transfers is paramount importance at all levels of the government and the country. This was highlighted at a recent workshop on intergovernmental financing arrangement review consultation in Mt Hagen, Western Highlands Province.
There has been many institutional reforms since 2009 towards the 12 Strategic Priority Areas of the Medium Term Development Plan IV of the National Government. The Strategic Priority Areas includes strategic economic investment, connect PNG infrastructure, quality and affordable health care system, education and skilled human capital, rule of law and restorative justice, national security,
The change from PNG Government Accounting System (PGAS) to the Integrated Financial Management System in 2018 has affected the tracking of funds over the last five years. According to National Economic and Fiscal Commission Chairman and Chief Executive Officer Patrick Kennedy Painap, the annual provincial expenditure review assessment has been delayed because of this transition as analysts are tracking funding from the old system to the new system.
The call from the 22 Provincial Governors for decentralization of powers from the National Government is reasonable, says the funding watchdog. Chairman and Chief Executive Officer of the National Economic and Fiscal Commission Patrick Kennedy Painap said the Commission understands the calls and changes will be proposed under the current review of the inter-governmental financing system.
Chairman/CEO Patrick K Painap

The review of the Intergovernmental Financing System is likely to see changes in funding and fiscal decentralization.

NEFC team at 2024 AAP workshop.
The National Economic and Fiscal Commission on Wednesday 31st January 2024 concluded a one-day planning workshop for the 2024 fiscal year. The workshop was aimed at getting the organization together to discuss how best it can achieve its Key Result Areas stipulated under the NEFC Corporate Plan 2023-2027. The workshop had team leaders, managers, and directors from all sectors and divisions within the agency
Gov. Rufina opening the Southern Region IGFA Consultation Workshop
Central Governor Hon. Rufina Peter has commended the National Economic & Fiscal Commission and the Department of Treasury for their leadership in conducting the review of the Intergovernmental Financing Arrangement. Governor Rufina Peter made the commendation in her keynote address on Monday 2nd of October 2023, when officiating at the opening of the final leg of the consultative workshop on the review of...
NEFC's IGFA team at NGI workshop
The National Economic & Fiscal Commission has revealed that a total of K7.8 billion has been distributed as Function Grants to sectors at the subnational level since 2009.
Momase Region IGFAR Workshop
NEFC CEO Mr Painap said almost every country in the world today has some form of decentralized system of government
NEFC's ABGCoSS team 02
The dialogue is the Function Assignment Determination (FAD) which is part of the Cost Of Services Study for Bougainville Government being undertaken by the National Economic and Fiscal Commission.
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