Loan funds to offset budget deficit 2002-3

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.