Nauru’s financial year runs from 1 July to 30 June.
Nauru operates on a cash basis and appropriations lapse on 30 June each year.
The 2021-22 Budget was brought down on 1 June 2021 by the Hon Martin Hunt MP, Minister for Finance.
The 2021-22 Budget was framed around the theme of ‘Building a Resilient Naoero’, to respond to the continuing uncertain economic outlook driven by the COVID-19 pandemic and the future of the Regional Processing Centre (RPC).
The 2021-22 Budget recognised expected revenues of $244.1 million and expenditure of $244.0 million with a $100,000 surplus balance.
Supplementary appropriation bills are passed by Parliament through the year to update revenue estimates and expenditure appropriations.
Quarterly budget performance reports are produced to track expenditure and revenue performance through the year.
Secretary for Finance
Department of Finance