IMF warns Tonga of weakening fiscal position | Matangi Tonga


Nuku’alofa, Tonga: Tonga has been warned that despite government’s strong revenue collection, Tonga’s fiscal position is expected to weaken in near term due to a large increase in the wage bill, an increase in current spending, and potential cost overruns related to Tonga’s preparations to host the 2019 South Pacific Games

Source: IMF warns Tonga of weakening fiscal position | Matangi Tonga