Quarterly Economic Update (QEU) September 2021
Global Economy
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Global Economy
September 2021 Quarterly Economic Report
The Quarterly Economic Report is purposely provided to give an update on the status of the economy on a quarterly basis. The report reflects on key selected economic indicators base on the latest data and information, economic activities and events occurred during the quarter. The quarterly reports are regularly posted in the Ministry of Finance’s website.
The 2019/2020 Financial Statements for the Government of the Kingdom of Tonga together with the schedules and accompanying notes have been approved...
I Have examined the accompanying Public Funds Quarterly Summary of Receipts and Payments
Ko e ngaahi Fakamatal pa'anga ni kuo teuteu'i 'e he Potungaue Pa'anga 'o Fakatatau ki he ngaahi fiema'u 'a e Lao ki hono...
The Budget theme for FY 2022, ‘By God’s grace we are saved through faith’, will emphasize and support Government’s plans and initiatives, to respond to the prolonged impacts of the COVID-19 pandemic and economic recovery with an aspiration that the current challenges will pass.
Tonga is a Polynesian Pacific Island country with a population of 104,000. The Tongan archipelago comprises 169 islands, of which 36 are inhabited. Because of its location and small size, Tonga and its population are highly vulnerable to external shocks, including from natural disasters and epidemics, and to climate change and its long-term effects, such as sea-level rise and increasing intensity of tropical storms. Tonga’s vulnerability was clearly demonstrated in 2020, when the COVID-19 pandemic and Tropical Cyclone Harold severely affected its economy.