Tonga: Selected Issues and Statistical Appendix

International Monetary Fund

No 2007/298, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; government; wage bill; debt; private sector; reform package; household debt; wage award; Wage adjustments; Consumer credit; Wages; Loans; Public sector wages; Pacific Islands (search for similar items in EconPapers)
Pages: 43
Date: 2007-08-30
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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2007/298

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