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A draft budget of $899.2 million for the year 2024/25 was announced by the Government of Tonga, stating that it is the first balanced budget proposed by government to parliament since 2019/20. There will be no new domestic tax proposed for FY 2024/25. Civil Servants will receive a 5% Cost of Living allowance in July, in addition to the 5% COLA effective in January this year.
A round-up of news in brief from around the region, including theft of more than US$150,000 in the Commonwealth of Northern Marianas.
Tonga Development Bank says it is taking legal action against Tonga Police following a police search of the bank's premises on Friday 24 May, where Police were acting on a complaint regarding an alleged breach of the Banking Act. UPDATED: The National Reserve Bank of Tonga told Matangi Tonga Online today, 4 June, that they had not made a complaint to the police regarding the
There are concerns in Tonga whether a housing development planned to provide accommodation for people attending the Pacific Islands Forum leaders summit in August will be completed in time.
A round-up of news in brief from around the region, including more funding for Solomon Islands from Australia.