FISCAL POLICY AND BUDGET

PROCESS-VANUATU Wenny Tarikelana

Department of Finance and Treasury

Ministry of Finance and Economics Management

CONTENTS

Introduction

National Sustainable Development Plans

Integration of SDGs into the NSDP-Fiscal

Policy (examples)

Budget Process

Budget Policy Statement

Conclusion

INTRODUCTION

Vanuatu- small island nation in the South Pacific that is

import oriented

GDP growth forecast to be at 3.4 per cent in 2019

Vanuatu’s most recent national plan “PAA-Priorities

and Action Agenda 2006-2015” delivering a just,

educated, healthy and wealthy Vanuatu

Looking ahead the Government of Vanuatu launched

its national plan “NSDP-National Sustainable

Development Plan 2016-2030”

NATIONAL SUSTAINABLE DEVELOPMENT

PLANS (NSDP) 2016-2030

Our culture, traditional knowledge and Christian principles are the foundation of the People’s Plan 2030, which focuses on improving the wellbeing of our people (society); protecting and enhancing our place (environment) and maximising opportunities for shared prosperity (economy)

NSDP Cont.d

The SDGs is being localized into the NSDP

3 pillars, 98 policy objectives, 196 indicators

and 205 targets

17 SDG goals and around 122 SDG indicators

are captured into the NSDP and M&E

Framework

Source: Vanuatu People’s Plan

INTEGRATION OF SDGs INTO FISCAL

POLICY

Vanuatu’s financial year, and thus the budget cycle,

runs from January to December

Source: National Planning Framework 2019

Example 1: Sector Policies:mVanuatu

Agriculture Sector Policy & Fisheries

Sector Policy (5yrs and above)

This policy contributed to the NSDP & linked to global

level in terms of guidance to achieve certain SDGs

objectives, from sector policy mandated then

corporate plans

Example 2: Corporate plans:Ministry of Education

and Training Corporate plan (3 years)

BUDGET PROCESS Vanuatu’s financial year runs from January to December

Source: Department of Finance and Treasury

BUDGET POLICY STATEMENTBudget policy statements aid in budget allocation,

each year there focused on 7 policy outcomes for one

financial year

There are also New Policy Proposals (NPP) apart from

the Policy Priorities applied from line Ministries

Example 3:

CONCLUSION

Vanuatu is in its early implementation stage of

the NSDP aligning to SDGs

MTEF is one of the current objective for the

Ministry of Finance and Economics Management

in Vanuatu

Implementation framework plans launched will

continue to strengthen the implementation of the

NSDP

THANK YOU

Any Questions?

Wenny Tarikelana

Contact email: wwoi@Vanuatu.gov.vu