DEPARTMENT OF TREASURY PRESENTATION - Conference for Research for Economic and

DEPARTMENT OF TREASURY PRESENTATION Conference for Research for Economic and Social Development in PNG Presentation Topic: ‘Funding and Policy considerations for Research and Innovation in PNG’ 15-16 OCTOBER 2024 NRI Conference Room OUTLINE 1. [...] ANNUAL BUDGET PROCESS The Budget is framed within the priorities of the National Government, parameters of the Fiscal Responsibility Act and the Budget Framework paper. [...] Planning & Monitoring & Agencies and briefing prepared for Budget Committees • The budget submissions are then considered by the Strategic Budget Committee in September and recommendations are made to Central Agencies Coordinating Committee (CACC) in early October • The CACC review’s Strategic Budget Committee recommendations and in turn makes recommendations to Ministerial Economic Committee (MEC. [...] CONCLUSION • Researchers and Institutions must understand the needs and challenges faced by Government and the people and align their research work accordingly; • Any research undertaken (by Government through research institutions) must result in formulation of Government policies rather than for purely academic purposes; and, • Also note that, funding for research can be sourced not only from Go. [...] Slide 1: Conference for Research for Economic and Social Development in PNG Presentation Topic: ‘Funding and Policy considerations for Research and Innovation in PNG’ Slide 2: OUTLINE Slide 3: ROLES OF TREASURY Slide 4: CONSIDERATIONS FOR GOV’T FUNDING Slide 5: ANNUAL BUDGET PROCESS Slide 6 Slide 7: Budget Preparation Process Slide 8: POLICY CONSIDERATIONS FOR RESEARCH Slide 9: CONCLUSION Slide 10.