Tonga’s growth potential is below what it could be. The economy has been growing well below the regional average for the past two decades, says an IMF Staff report released on February 24. Growth is expected to gradually decline “unless there is a concerted effort to remove bottlenecks hampering private sector development.”
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Results for Tongan budget
Tuesday 25 February 2020
Nuku'alofa, Tonga
Thursday 29 March 2007
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Pago Pago, American Samoa
You got it right Mr. Sanft, the Tonga's budget is pretty much dry. What you and your Demo friends do not seems to see is that regardless of the form of government you insisted of installing in Tonga, it will have to deal with a budget that is pretty much dry. I am not too sure because you and your friends have never been definitive on the type of system you insist on Tonga. But the early indication your Demo system is not going to solve Tonga's problem either. As a matter of fact, the Demo System created Tonga's current problem by forcing the 60%, 70%, and 80% pay raise. And then apply the last straw to break the camel's back when turn around and burn down the businesses that were going to finance this pay raise. -Sione Lousiale Kava
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Friday 30 August 2002
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Nuku‘alofa, Tonga
The Tongan Budget for 2002-3, passed by the Legislative Assembly on June 27, is the biggest ever, with the total revenue to be collected by government amounting to $120.25 million. Government Expenditure during the same period is expected to amount to $122.72 million, leaving us with a deficit of $2.5 million. From Matangi Tonga Magazine Vol. 17, no. 2, August 2002.
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