More effective, consistent government investments in the health, education, and wellbeing of Pacific people will ultimately deliver sustained economic and social benefits to the region, a new World Bank report into public spending in the Pacific has found. “If the report’s suggested reforms are implemented, Pacific countries could deliver government revenues and budget savings
An additional AUD8.5 million ($13.2 million pa’anga) in further budget support to support economic recovery and fiscal resilience in Tonga was committed today by the Australian Government. The brings the total of Australian direct budget support to Tonga to more than AUD45 million ($70 million pa'anga) this financial year.
An additional AUD10 million was committed by the Government of Australia to further improve health outcomes for people in Tonga, with the signing of the Tonga Health Systems Support Program Phase 3 on 15 May.
Growth in Tonga’s economy is projected to reach 2.5% in 2023 expanding further to 3.2% in 2024, according to the latest edition of the Asian Development Bank's economic report presented in Nuku'alofa today, 13 April. ADB Public Sector Economist, James Webb said, like its South Pacific neighbours, Tonga has faced an immensely difficult past three-years. Inflation is forecast to