Tonga’s troubled economy needs speedy development, says Minister of Finance

Tonga’s economy is in trouble. The economic contraction during two years of border restrictions, has been accelerated by January’s devastating Hunga volcanic eruption and tsunamis, followed by the arrival of COVID-19 in February and further job losses. In tabling his 2022-23 budget, the Minister of Finance warned of a continuing contraction of the economy, the likes of which we have not experienced before. From the House, by Pesi Fonua.