Implementation of the annual budget is tracked through quarterly budget performance reports.
The reports are usually published within a month of the end of the relevant financial quarter.
The fourth quarter performance report was released on 27 July 2021.
It provides revenue and expenditure data recorded by Treasury for the period 1 July 2020 to 30 June 2021, based on all available information to Treasury as at 15 July 2021, and is bound to change subject to outcome of the Treasury reconciliations and of course audit of the national accounts.
- As at 30 June 2021, 84 per cent of total expected annual revenue had been collected and 88 per cent of total expenditure outlaid.
- Lower than expected revenue mainly from a substantial drop in Grants, Financing and dividends revenue which was below 50 percent in actual outturn. The main contributing factor is the delayed timing of the proposed EXIM Bank loan for the aircraft replacement program which has also impacted on lower revenue and expenditure. Lower revenue collections is also due to slower than expected RPC reimbursements for MCA activities.
- Government liquidity has continued to improve and in a sound position. The cash buffer accounts hold more than the minimum two months of adjusted expenditure and Government paid in advance its contribution to the Nauru Trust Fund during the quarter.
Secretary for Finance
Department of Finance