European Parliament Library

Tonga :, Selected Issues and Statistical Appendix

This Selected Issues paper assesses the fiscal risk impact of various events in Tonga and describes the challenges implied for fiscal management. The paper discusses that the Tongan government has made various efforts to limit the budgetary implications of the recent economic and political shocks, including pursuing revenue administration efforts, cutting other expenditures, and seeking donor assistance. The paper examines rising household indebtedness in Tonga. Within the framework of the life-cycle hypothesis, the paper finds that Tonga’s relatively young demographic distribution tends to be associated with higher level of aggregate household debt
Table Of Contents
Cover; Contents; I. Challenges to Sustainable Fiscal Management in Tonga; A. Background; B. September 2005: Public Sector Wage Settlement; Boxes; 1. Proposed Salary Reform Package; C. June 2006: Public Sector Downsizing; 2. Experiences of Wage Increases in the Pacific Island Countries; D. November 2006: Civil Unrest; E. Challenges Ahead; II. Rising Household Indebtedness in Tonga; A. Introduction; B. Growth in Household Credit and Balance Sheet Effects; C. Understanding the Causes of Household Debt Increase; D. Implications for Financial System Stability; Tables
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (44 p.)
Specific Material Designation
Form Of Item

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