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Quarterly Debt Bulletin as at 31 December 2011

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The Ministry of Finance and National Planning has released its latest publications on the Government of Tonga's Quarterly Debt Bulletin as at 31 December 2011.

This report summarises the Government debt position during the FY 2011/12 from 1 July to 31 December 20112, in millions of Pa'anga. Comparisons have been made to the previous quarter (September 2011), and to the previous year (31 December 2010). The information covers external, domestic, on lent and guaranteed debt.

1. Total public disbursed outstanding debt (DOD) as at 31 December 2011 is estimated at 342.2m (at 46% of GDP) Total public debt increased by 15m between September 2011 and December 2011. This was mainly due to disbursement made for Reconstruction and Road projects (14.9m) and also appreciation of the Pa'anga against the major borrowing currencies: to EUR by 4.4% and SDR by 1.3%.

For full text of the Report, click HERE

ENDS

Issued by the: Ministry of Information and Communications, Nuku'alofa, 2012. Source: Ministry of Finance and National Planning.


 

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