The new Government came into power on January 2011 at a time when the economy was trying to recover from the effects of the global crisis and domestic instability. Since then we have established the Tonga Strategic Development Framework (TSDF) 2011-2014 to guide us on the delivery of services to the people, and how to cope within the context of our current difficult economic and fiscal situations.
Kaunga malohiange ‘a e kakai ‘o e kolo - ‘aki hono fakakau mai ‘a e ngaahi tukui vahenga/kolo/kakai ‘o e kolo ke a’usia ‘enau fiema’u tefito pea ke vahevahe totonu ‘a e monu’ia ‘o e fakalakalaka.
“To develop and promote a just, equitable and progressive society in which the people of Tonga enjoy good health, peace, harmony, and prosperity, in meeting their aspirations in life”.
Ko e Pepa Patiseti 1, ‘oku fakamatala’i ai ‘a e ngaahi fakalakalaka mo e anga ‘o e fakafuofua faka’ekonomika ki he kaha’u vave mai ki Tonga. Lolotonga ‘a e ta’u fakapa’anga 2009/10, na’e a’usia ai ‘e he fonua, ’a e uhouhonga ‘o e faingata’a’ia faka’ekonomika fakamamani lahi, ‘a ia na’e kamata mei Sepitema 2008. Na’e fakafuofua foki ‘e he Potungaue Pa’anga mo e Palani Fakafonua, ‘e ‘i ai ‘a e tupu faka’ekonomika fe’unga mo e peseti ‘e 0.4 ki he ta’u fakapa’anga 2008/09, ka ‘i hono fakama’opo’opo, na’e holo peseti ‘e 0.4 ‘i he faka’osinga ‘o e ta’u.
Budget Paper 1 reviews the economic development and medium term economic forecast for the Tongan economy. During financial year 2009/10, the Tongan economy experienced the full extent of the Global Economic Crisis (GEC), which started around September 2008. The Ministry of Finance and National Planning projected a positive growth of 0.4% for 2008/09 but the actual result was a contraction of 0.4%. Remittances declined further than expected which reduced incomes and hindered growth.
Lolotonga ‘a e ta’u fakapa’anga 2008/2009, na’e hokohoko atu ‘a hono tukuatu ‘e he Pule’anga ha patiseti ‘oku fakataumu’a ke kei tupulaki ‘a e tupu faka‘ekonomika ‘a e fonua. ‘i hono ngaue’aki e ngaahi tu’utu’uni ngaue fakapa’anga ‘oku fakapotopoto pea mo fakamalohi’i hono tauhi ‘o e ngaahi tu’utu’uni fakapa’angá. Na’e to e malava lelei ai pe ke to e tupu
During the 2008/09 financial year, the Government continued to deliver a Budget that focused on further developing the Kingdom’s economic growth using prudent fiscal and appropriate monetary policies. The Kingdom was therefore successfully steered to another year of positive economic growth. However, we’re facing a situation of globally economic downturn which has indirectly impacted our economy. Remittances have declined, thus putting further pressure on growth, and ultimately impacted on Tongan families due to limited income available to cover daily necessities.
The person delivering the Budget this year has changed, but I would like to reassure Honourable Members that, while there are changes in emphasis and priorities, the broad policies underlying the budget are not greatly changed. The government remains committed to the development policies set out in the Eighth Strategic Development Plan. The present budget covers the final year of the period of
‘I he māhina ‘e tahaua kuohili´, na’e tukuatu ‘e he Pule’anga´ ha patiseti na’e fakataumu’a ke hakeaki’i e tu’unga faka’ekonōmika ‘a e fonua´ ‘aki hano ngāue’aki ha ngaahi tu’utu’uni ngāue ki he pa’anga hūmai´ mo e fakamole ‘a e Pule’anga´ (fiscal policies) ‘oku taau´. Na’e ‘i ai e tāketi ‘e laka-lakai-monū ‘a e fonua´ ‘i he 2007/08´, koe’uhi´ na’e ‘osi fokotu’u ‘e he Pule’anga´ ‘a e ngaahi founga totonu ke fakahoko ‘aki e ngaahi tu’utu’uni ngāue ke tupulaki ‘a e ‘ekonōmika´.
Twelve months ago, the Government delivered a budget that focused on the Kingdom’s economic survival using appropriate fiscal policies. The Kingdom was on target for a prosperous 2007/08 because the Government had put in place the right policy instruments to drive economic growth. However, twelve months later, we are again facing the same situation due to the events of 16 November 2006
