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 2023-24 Budget tabled by Minister for Finance, Hon Martin Hunt was approved by Parliament on 6 June 2023. The 2023-24 Budget recognized expected revenues of $278.6 million and expenditure of $278.4 million with a $215,000 surplus balance. The surplus will be used to build up cash reserves at the bank and support Nauru to manage the uncertainties in the year ahead.
The 2023-24 Budget has been framed to support Nauru’s sustained resilience through responsible economic management, easing cost of living pressures, and investing in service delivery and in productivity enhancing infrastructure. It builds on the strong performance in 2022-2023.
Supplementary appropriation bills will be available through the year.
Quarterly budget performance reports will be available to track expenditure and revenue performance through the year.
Secretary for Finance
Department of Finance