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Matangiake New Village Water Supply

 Press Release

 The small community of Matagiake Village were happy to celebrate the opening of their brand new village water supply. Through the undying donor support of the Japanese Government working together with the Ministry...

Total Public Debt to GDP
QUARTERLY DEBT BULLETIN as at 31 December 2014

Press Release

This report summarises the Government’s (GoT) debt position during the FY 2014/15 from 1 July to 31 December 2014, in millions of Pa’anga. Comparisons have been made to the previous quarter (Sep 2014), and to the previous year (December 2013). The information covers external, domestic, on-lent and guaranteed debt.

1....

Government Improves Overall Fiscal Performance to Date

 Press Release

1. “Government’s overall fiscal performance has improved by over 40 per cent at the end of January 2015, seven months into the financial year” as stated today by the Minister for Finance and National Planning ‘Aisake Eke. The favorable fiscal performance was due to improvement in total receipts, recorded at $ 119.4...

Government of Tonga Debt Position as at end January 2015.

Press Release

Tonga’s debt position as at 31 January 2015 shows that the;

  1. Total public debt estimated at $392.6m or 48.4% of GDP of which, external debtaccounts for $361.6m (at 44.6% of GDP) and domestic debt is $30.98m (at 3.8%).
  2. External debt is estimated at $361.6m with the main creditor as the Export-Import Bank of China at $233....
Government to Improve Its Aircraft Lease Opportunities

PRESS RELEASE

Government today announced that it has exercised its early termination rights for the Domestic Airline operation of one of its Aircraft under dry lease agreement. This termination was prompted by the regulator decision to reduce the scope of operations of Real Tonga.

"The domestic airline operator has faced challenging period during the last few...

European Union to Boost Ha'apai Cyclone Recovery Efforts

Press Release 

More than 1,000 households and 30 commercial and government offices on Ha ‘apai in the Kingdom of Tonga, will benefit from more efficient energy networks thanks to a TOP 2.3 million (€1 million) grant from the European Union. The funds will be released to the...

Ministry of Finance Tonga,Phone: +676 23066, Fax: +676 26011, Address: P.O. Box 87, Nuku'alofa, Tonga