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About TOP$595.8 million allocated for the 2017 – 2018 estimate

Radio & TV Tonga, Nuku’alofa, 28/06/2017

 

About top$600 million has been proposed by Government for the 2017 – 2018 fiscal year.

 

The Minister of Finance – Hon. Tevita Lavemaau told Parliament yesterday the estimate includes cash of about TOP$380 million and just over TOP$200 million in kind assistance.

 

About TOP$350 million of the estimate is Government’s funding and TOP$250 is from development partners.

 

Ministry of Education is allocated with the highest share of TOP52.6 million.

 

The Ministry of Health’s vote has also increased to about TOP$40 million of which 10% will be allocated to the fight against Non-Communicable Diseases.

 

He adds, by June 30th Tonga has a total loan of about TOP$470 million which is the equivalent to 52% of the Gross Domestic Product.

 

Majority of that loan is what Tonga owed to the Exim Bank in China for the construction of Nuku’alofa after the 16/11 riots.

 

During last night’s deliberations the Committee of the Whole House passed to repeal the 2019 Sports Act 2013.

 

This morning’s sitting continued with deliberations on the draft budget.

 

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