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Home > Govt Passes Annual Budget of $764.7 Million Pa'anga

Govt Passes Annual Budget of $764.7 Million Pa'anga [1]

Nuku'alofa, Tonga

Wednesday, June 15, 2022 - 22:35

Tonga’s Parliament passed the 2022-2023 annual budget yesterday June 14.

Totalling a $764.7 million Pa'anga, it is the Kingdom’s largest ever annual budget.

According to the Ministry of Finance, most of the budget ($437 million) will be financed by Government while the rest ($327.7 million) will be financed by Development Partners.

Of the total,  $573.1 million will be in cash, and $191.6 million in the form of goods and services provided by foreign Aid Donors.

In January 2022 Tonga’s Foreign Reserve was estimated to be $856.1 million, and in April went up to $884.0 million, equivalent to 12.7 months of imports.

Tonga [2]
Tongan [3]
budget [4]
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Source URL:https://matangitonga.to/2022/06/15/govt-passes-annual-budget-7647-million-paanga

Links
[1] https://matangitonga.to/2022/06/15/govt-passes-annual-budget-7647-million-paanga [2] https://matangitonga.to/tag/tonga?page=1 [3] https://matangitonga.to/tag/tongan?page=1 [4] https://matangitonga.to/tag/budget?page=1 [5] https://matangitonga.to/topic/politics?page=1