Radio Tonga reports it includes natural disasters such as tropical cyclones, large increase in spending and cost overruns in Tonga’s preparation for the 2019 Pacific Games – that could weaken the fiscal sustainability and raise public debt.
This is according to report from the Asian Development Bank – ADB.
Economic forecasts show that while the Tongan economy is expected to grow by 3.1% in the current financial year, it will not maintain that growth rate.
ADB stated the Tongan economy for the 2017 Financial Year will grow by only 2.6%.
