Main Menu

Remittances increased by 18% in January 2017

 

Radio & TV Tonga, Nuku’alofa, 30/06/2017

 

The total remittances recorded in January this year was over TOP$278 million.

 

This represents an increase of 18% according to the Budget statement for the new fiscal year.

 

Money sent from Australia recorded the highest amount of TOP$15 million.

 

The relatives in the United States of America sent just over TOP$14 million with TOP$9.7 million from NZ.

 

Majority of the remittances were from relatives attending the Recognized Seasonal Employment scheme in both Australia and NZ.

 

The remittances in January are 37% of the total revenue from foreign countries.

 

© Radio and Television Tonga News