I am very pleased to present the third Budget of the current Administration. The 2017/18 budget, as the vehicle for implementing government policies and transmitting plans into actions through necessary fiscal space, remains focused on diversifying the economy towards achieving sustainable broad-based inclusive growth. This budget constitutes an integral part of the annual corporate planning and budgeting processes for government which aims at “A more progressive Tonga supporting a higher quality of life for all” as the prescribed national impact under TSDF II. It is guided by our national motto: “God and Tonga are my inheritance”. The Budget builds on the Medium Term Budget Framework (MTBF) 2015/16 to 2017/18, and takes into account progress made during 2016/17, the need for fiscal prudence, as well as recent developments in the domestic, regional and global environments.
Category
Budget Statement
