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2018 Tuvalu National Budget

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2018 Tuvalu National Budget Government of Tuvalu 2018 National Budget Presented on 06 December 2017 By the Hon Maatia Toafa Minister for Finance and Economic Development Table of Contents ACRONYMS AND ABBREVIATIONS ............................................................................................ 4 FOREWORD BY MINISTER FOR FINANCE AND ECONOMIC DEVELOPMENT .............................. 7 2018 BUDGET HIGHLIGHTS .................................................................................................... 9 DELIVERING ON THE GOVERNMENT’S POLICY PRIORITIES ......................................................................... 9 NATIONAL STRATEGY FOR SUSTAINABLE DEVELOPMENT 2016 – 2020 .................................. 15 2018 ECONOMIC OUTLOOK ................................................................................................. 16 MEDIUM TERM FISCAL FRAMEWORK 2018 – 2020 ............................................................... 19 MTFF AGGREGATES ....................................................................................................................... 19 REVENUE ...................................................................................................................................... 19 Taxation Revenue .................................................................................................................. 20 Investment Revenue .............................................................................................................. 20 Government Charges ............................................................................................................. 20 Development Partner Assistance .......................................................................................... 21 EXPENDITURE ................................................................................................................................ 21 Government Payroll ............................................................................................................... 21 Travel and Communications .................................................................................................. 22 Maintenance .......................................................................................................................... 22 Deferred Maintenance Fund ................................................................................................. 22 Goods and Services ................................................................................................................ 22 Medical Treatment Schemes ................................................................................................. 22 Fuel and Oil ............................................................................................................................ 23 Grants and Subsidies ............................................................................................................. 23 Scholarships ........................................................................................................................... 23 Student Education Loan Fund (SELF) ..................................................................................... 23 Community Service Obligations (CSOs)................................................................................. 23 Overseas Contributions ......................................................................................................... 24 Other Expenses ...................................................................................................................... 24 Capital .................................................................................................................................... 24 Loan Repayment .................................................................................................................... 24 Interest Expense ..................................................................................................................... 24 FINANCIAL ASSETS .......................................................................................................................... 25 Tuvalu Trust Fund .................................................................................................................. 25 Consolidated Investment Fund .............................................................................................. 25 1 | P a g e PUBLIC DEBT ................................................................................................................................. 25 DEVELOPMENT PARTNER ASSISTANCE ................................................................................. 27 2018 FISCAL BUDGET RISK AND FISCAL RATIOS .................................................................... 30 2018 MINISTRY PROGRAM BUDGET ESTIMATES ................................................................... 34 HEAD A: OFFICE OF THE GOVERNOR GENERAL .................................................................................... 35 2018 Ministry Budget Estimates ........................................................................................... 35 New funding approved in the 2018 Budget .......................................................................... 36 Program Budgets ................................................................................................................... 36 HEAD B: OFFICE OF THE PRIME MINISTER .......................................................................................... 37 2018 Ministry Budget Estimates ........................................................................................... 38 New funding approved in the 2018 Budget .......................................................................... 40 Program Budgets ................................................................................................................... 41 HEAD C: LEGAL SERVICES ................................................................................................................. 44 2018 Ministry Budget Estimates ........................................................................................... 46 New funding approved in the 2018 Budget .......................................................................... 47 Program Budgets ................................................................................................................... 48 HEAD D: PARLIAMENT .................................................................................................................... 50 2018 Ministry Budget Estimates ........................................................................................... 51 New funding approved in the 2018 Budget .......................................................................... 51 Program Budgets ................................................................................................................... 52 HEAD E: OFFICE OF THE AUDITOR GENERAL ........................................................................................ 53 2018 Ministry Budget Estimates ........................................................................................... 53 New funding approved in the 2018 Budget .......................................................................... 54 Program Budgets ................................................................................................................... 55 HEAD F: MINISTRY OF FINANCE AND ECONOMIC DEVELOPMENT ............................................................ 56 2018 Ministry Budget Estimates ........................................................................................... 60 New funding approved in the 2018 Budget .......................................................................... 62 Program Budgets ................................................................................................................... 63 HEAD G: MINISTRY OF PUBLIC UTILITIES AND INFRASTRUCTURE ............................................................ 68 2018 Ministry Budget Estimates ........................................................................................... 69 New funding approved in the 2018 Budget .......................................................................... 70 Program Budgets ................................................................................................................... 71 HEAD H: MINISTRY OF HEALTH ........................................................................................................ 75 2018 Ministry Budget Estimates ........................................................................................... 76 New funding approved in the 2018 Budget .......................................................................... 77 2 | P a g e Program Budgets ................................................................................................................... 78 HEAD I: MINISTRY OF NATURAL RESOURCES ...................................................................................... 82 2018 Ministry Budget Estimates ........................................................................................... 84 New funding approved in the 2018 Budget .......................................................................... 85 HEAD J: MINISTRY OF HOME AFFAIRS AND RURAL DEVELOPMENT ......................................................... 89 2018 Ministry Budget Estimates ..........................................................................................
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