Minister of Finance Hon Tevita Lavemaau

05 June 2020 Minister of Finance Hon Tevita Lavemaau told parliament that despite of the recurrent $60 million deficit budget, government has a high expectation of an economic recovery by the end of 2020/21 financial year.

Hon Lavemaau said that the CEO of Finance Mrs Balwyn Fa’otusia has a successful negotiation with the representative of the ADB here in Tonga, Mr Tatafu Moeaki, and the regional organisation of the Asian Development Bank.

The negotiation was based on the economic problems caused by COVID-19 worldwide. The Asian Development Bank usually grant USD $5 million every year on Tonga’s budget.

But this year’s budget, our negotiators were managed to convince the ADB to increase our budget grants from USD $5 million into USD $12.2 million, which is an approximately of TOP $26 million pa’anga.

Thus, the Ministry of Finance is expected to receive the grant of USD $12.2 million from the Asian Development Bank before the 30th of June 2020.

Hon Lavemaau told parliament that this is a kind of positive expectation that this Prime Minister and this government are aiming for to achieve a surplus at the end of the financial year 2020/21.

That kind of economic expectation is lean on the budget’s aim – Psalm 91 “The Lord is my refuge and my fortress – Ko Sihova ‘a hoku tali tau’anga”

Hon Lavemaau told the house that even though the pandemic of the COVID-19 re-prioritise the government’s deficit budget to all government’s Ministries and the people of Tonga to get ready and be prepared for this pandemic.

This government cannot lie down and wait for the COVID-19 to arrive in the Kingdom. We should pray and work hard with good hopes that the Lord is our refuge and our fortress for this time in needs.

TALI ‘EHE PANGIKE ‘A ‘ESIA KE HIKI HAKE ‘ENAU PA’ANGA TOKONI KI HE PATISETI MEI HE USD $5 MILIONA KI HE USD $12.2 MILIONA

KOE FEME’A’AKI FANGATONU MEI HE MINITI ‘O E FALEALEA ‘O TONGA

Minista Pa’anga Hon Tevita Lavemaau:

“‘Eiki Sea, ‘i he konga fakafiefiá ‘Eiki Sea, ‘oku ou fie fakahoko atu ki he Falé ni Sea, na’e lava lelei ‘a e alea pē ko e negotiation pea mo e kole ‘a e Potungāue Pa’angá, ‘a ia na’e taki ia ‘e he CEO pea mo e timi mei Fale Pa’angá, fengāue’aki pea mo e ADB mo honau Fakafofonga ‘i Tongá ni Tatafu Moeaki, mo e ngaahi regional ngaahi kautaha ko eni ‘a e Pangikē ‘a ‘Esia. Ko e kole tokoni ‘a e Pule’angá ke fakalahi mai ‘a e tokoni ‘a e ADB ki he fonuá, ko e ‘uhingá ko e ngaahi peautā ko eni ‘o COVID. Angamaheni pē ia ‘a e tokoni fakata’u mai ‘a e Pangikē ‘o ‘Esia, pē ‘oku fa’a ‘iloa he fakamatalá ko e tokoni faka-patiseti, pē ko e budget support, ko e pa’anga ‘e 5 miliona ki he ta’u. Ka ‘i he ta’ú ni ‘Eiki Sea tu’unga ‘i he uesia ‘a e tu’unga faka-‘ekonōmika ‘a e fonuá, na’e fai ai ‘a e kole mavahe ki he Pangikē ‘a ‘Esia, ke ‘omai mu’a ha’anau tokoni mavahe, ke tokoni ki hono tokoni’i mo hono pukepuke mo hono langa hake ‘a e tu’unga faka-‘ekonōmika ‘a e fonuá, pea ‘oku nau tali lelei ai ke fakalahi hake ‘a e tokoni mavahe ko ení mei he 5 milioná ki he 12.2 miliona ‘Eiki Sea. ‘Oku ‘i ai ‘a e ‘amanaki ‘a e motu’á ni ‘e ma’u ‘a e pa’anga …kimu’a he ‘aho 30 ‘o Suné. Pea ko hono mahu’inga faka-Tonga ‘Eiki Sea fe’unga ia mo e pa’anga ‘e 26 miliona. ‘Eiki Sea ‘oku fakamo’oni’i heni ‘Eiki Sea ‘a e tu’uma’u ‘a e Pule’anga pea mo e Potungāue ‘i he ‘amanaki lelei ki he kaha’u. Neongo e faingata’a ‘oku hake he fonua pea mo e māmani ka ‘oku fai e fengāue’aki pea ‘oku tala ia ‘i he lahi e ngaahi ‘ofa pea mei he ngaahi sino fengāue’aki kae ‘uma’ā e ngaahi fonua fengāue’aki ki he poupou pea mo e tui ki he kaveinga ngāue mo e Patiseti kuo fokotu’u he Pule’anga ki he 20/21. Pea toki kanoni ‘aki ai he’etau tui mo ‘etau falala, hangē ko e kāpasa mo e kaveinga folau kuo fokotu’u ko Sihova hotau hūfanga’anga mo hotau talitau’angá. Ko e me’a ia ‘oku ‘asi mai he ‘aho ni ‘Eiki Sea…”

“Ka ko e sio ‘a e motu’a ni ki he kaha’u ‘oku ‘i ai ‘a e maama mo e tu’amelie ki … ‘e sai ange pea ‘e lelei ange ‘o ‘ikai hangē ko ia ‘oku forecast ‘e ‘i ai tōnounou 60 miliona. Pea hangē ko e fakamalanga ko u fa’a fai ko e tangata tufunga pē ko e tangata ‘enisiniá ko ‘ene to’oto’o ‘ene kato me’angāué kuo pau ke maau e me’angāue kotoa pē. Ko e teuteu ki he taimi ‘e hoko ai ha faingata’a. Ka ‘i he hala fonongá ‘oku fai pē ngāue ia. Pea ‘oku ‘ikai ke mole ai e ‘amanaki ia. Pea ‘oku ‘ikai ke si’i ai hotau ivi ‘o tautolu. ‘Oku hoko e faingata’a ia ‘Eiki Sea ke ne fakalahi hotau iví, fakamālohi’i ‘etau tuí pea ke tau ngāue. He ‘ikai ke tau tokoto pē ‘Eiki Sea ‘o lotu pē mo tali ki ha COVID ke ‘oua na’a ha’u, ‘ikai fehalaaki ia mo e fakahinohino. Kuo pau ke tau lotu pea ke tau ngāue pea fokotu’u mo e ngaahi kaveinga ngāue ‘Eiki Sea pea tau folau ‘i he’etau ‘amanaki lelei tokoni mai e ‘Eiki ki hono taki ‘etau fononga ‘Eiki Sea…”

Reference: Miniti ‘o e Feme’a’aki ‘o e Falealea ‘o Tonga, 3 Sune 2020, pp.10-11

©VPON MEDIA 2020