Tonga: Selected Issues and Statistical Appendix

August 30, 2007

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Format: Chicago

Tonga: Selected Issues and Statistical Appendix, (USA: International Monetary Fund, 2007) accessed November 21, 2024

Summary

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.

Subject: Consumer credit, Financial institutions, Labor, Loans, Money, Public sector wages, Wage adjustments, Wages

Keywords: Consumer credit, CR, Debt, Government, Household debt, ISCR, Loans, Pacific Islands, Private sector, Public sector wages, Reform package, Wage adjustments, Wage award, Wage bill, Wages

Publication Details

Pages:

43
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/298
Stock No:

1TONEA2007002
ISBN:

9781451837490
ISSN:

1934-7685

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