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Whole of Government Financial Statements 2017
TUVALU WHOLE OF GOVERNMENT FINANCIAL STATEMENTS for the Year Ended 31 December 2017 Government of Tuvalu Financial Statements STATEMENT OF RESPONSIBILITY The Government is pleased to present the Financial Statements of the Government of Tuvalu for the Year Ended 31 December 2017 We hereby declare that: - We have been responsible for the preparation of these Financial Statements and the judgments made in them. - We are responsible for establishing and maintaining a system of internal controls designed to provide reasonable assurance as to the integrity and reliability of financial reporting. - In our opinion these Financial Statements fairly reflect the financial position and operations of the Government of Tuvalu for Year Ended 31 December 2017 The Financial Statements were authorised for issue by the Minister of Finance on 30 June 2018 Hon. Maatia Toafa Mr Talavai Iona Minister for Ministry of Permanent Secretary for Finance and Economic Ministry Finance and Development Economic Development Government of Tuvalu Financial Statements 31-12-2017 STATEMENT OF INCOME AND EXPENDITURE For the Year Ended 31-12-2017 The accompanying notes form part of these financial statements. 2017 2017 2016 Notes Actual Budget Revised INCOME Taxation 9 8,735,452 7,405,728 7,337,401 Interest, Dividends and Rent 10 2,334,876 2,800,182 2,918,929 Fisheries Licenses 20 (a) 24,898,555 24,964,104 34,102,086 Dot TV 7,839,715 7,051,284 6,387,739 External Assistance and Grants 11 12,963,095 17,128,201 15,401,535 Other Income 12/20 (b) 6,124,773 2,547,288 5,612,772 Distribution from Tuvalu Trust Fund 3,300,000 6,699,996 4,780,000 TOTAL INCOME 66,196,465 68,596,783 76,540,462 EXPENDITURE Wages, Salaries, and Allowances 18,252,552 19,404,608 17,410,132 Contributions to Tuvalu National Provident Fund 1,591,972 1,540,580 1,487,255 Travel 13 4,699,613 2,879,965 3,876,044 Fuel, Electricity and Communications 2,740,949 2,304,687 2,931,506 Maintenance 3,814,383 5,103,001 2,409,853 Bank Charges and Fees 1,194,372 1,052,513 449,723 Grants and Subsidies (incl. -
Tuvalu Diagnostic Trade Integration Study 2010 Report
Tuvalu Diagnostic Trade Integration Study 2010 Report Text Copyright © Integrated Framework Partnership 2010. All rights reserved. Design Copyright © Blue Planet Media + Communications Vanuatu 2011. All rights reserved. USP Library Cataloguing-in-Publication Data Tuvalu diagnostic trade integration study, 2010 report / [Daniel Gay, editor].—Suva, Fiji : UNDP Multi Country Office, 2011. 146 p. : ill. ; 24 cm. ISBN 978–982–304–036–3 1. Tuvalu—Commerce 2. Tuvalu—Economic conditions 3. Economic development—Tuvalu 4. Tuvalu—Economic policy I. Gay, Daniel II. UNDP Multi Country Office (Fiji). HF4032.35.Z5 T88 2011 380.099682 Edited, designed and produced by Blue Planet Media + Communications Vanuatu. Email: [email protected] Table of contents Table of contents..........................................................................................................................................1 Preface...............................................................................................................................................................4 Foreword..........................................................................................................................................................5 Acronyms........................................................................................................................................................7 Executive summary....................................................................................................................................9 Recommendations.................................................................................................................................. -
Terminal Evaluation of the Global Environment Facility/UN
Terminal Evaluation of the Global Environment Facility/UN Environment Project Low Carbon-Energy Islands: Accelerating the Use of Energy Efficient and Renewable Energy Technologies in Tuvalu, Niue and Nauru Final Report Evaluation Office of UN Environment March 2018 Evaluation Office of UN Environment Photos Credits: Front cover: Alfredo Caprile Team Leader, UN Environment Evaluation Mission (2017) Page 55: Sirikul Prasitpianchai, Support Consultant, UN Environment Evaluation Mission (2017) Page 57: Alfredo Caprile Team Leader, UN Environment Evaluation Mission (2017) This report has been prepared by Alfredo Caprile and Sirikul Prasitpianchai and is a product of the Evaluation Office of UN Environment. The findings and conclusions expressed herein do not necessarily reflect the views of Member States or the UN Environment Senior Management. For further information on this report, please contact: Evaluation Office of UN Environment P. O. Box 30552-00100 GPO Nairobi Kenya Tel: (254-20) 762 3389 Email: [email protected] Project Title: Low Carbon-Energy Islands: Accelerating the Use of Energy Efficient and Renewable Energy GEF project ID 4000 Date 03/18 All rights reserved. © (2018) Evaluation Office of UN Environment ACKNOWLEDGEMENTS This Terminal evaluation was prepared for the Evaluation Office of UN Environment by Mr. Alfredo Caprile and Ms. Sirikul Prasitpianchai, Lead and Support Consultants. The authors would like to express their gratitude to all of the UN Environment and IUCN personnel and project participants that have been interviewed during the evaluation. Their comments and opinions with regard to the results and impacts that have been accomplished by the project have been critical for the preparation of this report. -
Tuvalu - European Community Edflo
Tuvalu - European Community EDFlO Country Strategy Paper and National Indicative Programme (For the period 2008 - 2013) 1 The Government of Tuvalu and the European Commission hereby agree as follows: (1) The Government of Tuvalu, represented by Mr Annese Makoi Simati, Ministry of Finance, Economic Planning and Industries and National Authorising Officer and the European Commission, represented by Mr Roberto Ridolfi, Head of the Commission Delegation for the Pacific, hereinafter referred to as the Parties, held discussions from March 2006 until August 2007 with a view to determining the general orientations for cooperation for the period 2008 -2013. During these discussions, the Country Strategy Paper and an Indicative Programme of Community Aid in favour of Tuvalu were drawn up in accordance with the provisions of Articles 2 and 4 of Annex IV to the ACP-EC Partnership Agreement, signed in Cotonou on 23 June 2000, as revised in Luxemburg on 25 June 2005. These discussions complete the programming process in Tuvalu. The Country Strategy Paper and the Indicative Programme are annexed to the present document. (2) As regards the indicative programmable financial resources which the Community envisages making available to Tuvalu for the period 2008 -2013, the sum of €5 million is earmarked for the allocation referred to in Article 3.2 (a) of Annex IV to the ACP EC Partnership Agreement (A-allocation) and €0.4 million for the allocation referred to in Article 3.2 (b) (B-allocation). These allocations are not entitlements and may be revised by the Community, following the completion of mid-term and end-of-term reviews, in accordance with Article 5.7 of Annex IV to the ACP-EC Partnership Agreement. -
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 ............................................................................................................ -
Systems for Funaota, Nukufetau, Tuvalu
Project Proposal Solar Home Standalone (SHS) Systems for Funaota, Nukufetau, Tuvalu Tuvalu Electricity Corporation (TEC) July 2017 1 | P a g e 1. THE INVESTMENT Project Title: Solar Home Standalone (SHS) Systems for Funaota Location: Funaota, Nukufetau, Tuvalu Sector: Energy Executing Authority: Ministry of Public Utilities and Infrastructure (MPUI) Implementing Agency: Tuvalu Electricity Corporation (TEC) Project Background and Justification The islet of Funaota is about 8miles from the main island of Nukufetau and has been proposed by the Falekaupule (Island assembly) for business venture where it consists of a Committee, selected by the Falekaupule, and they are responsible for the overall management of the project. The team leader is part of this committee and he is responsible for the daily management and operation. The aim of this development is to increase consumption of local food production to minimize the dependency of people on imported food. The project is also looked at opportunities to develop subsistence employment for the people and consequently to encourage them to continue living in the island. On Funaota, there are infrastructures that have been established, an oil mill where resident have engaged in producing coconut oil and the by-product, they used it as pig feeds. The piggery, they used the pig waste as manure for the vegetable garden. They also had 3 farms of sea clam on the islet. There are five families living on the islet to operate the project. The project has started for sometimes, and the families have earned monies from this development. The product they produce on Funaota are sold locally at the main island of Savave. -
Tuvalu Whole of Government Audit Report and Financial Statement 2016
AUDIT OPINION OF THE AUDITOR GENERAL ON THE FINANCIAL STATEMENTS OF THE GOVERNMENT OF TUVALU AND THE FINANCIAL STATEMENTS OF THE GOVERNMENT OF TUVALU for the year ended 31 December 2016 Parliamentary Paper Number:..............2017 The Office of the Auditor General is responsible for expressing an independent opinion on the Financial Statements and reporting that opinion to Parliament. This responsibility arises from Section 32 of the Public Finance Act. Our audit has been carried out in accordance with the International Standards of Supreme Audit Institutions. The audit cannot and should not be relied upon to detect every instance of misstatement, fraud, irregularity or inefficiency that is not material in terms of the Government of Tuvalu’s Financial Statements. The implementation and maintenance of the Government of Tuvalu’s systems of controls for the detection of these matters remains the responsibility of the Minister for Finance and management. 2 To: Honourable Members of the Tuvalu Parliament Government of Tuvalu Audit Opinion and Financial Statements For the year ended 31 December 2016 Dear Members I have audited the Financial Statements and transactions of the Government of Tuvalu as required by the Public Finance Act. This report contains the Independent Audit Report which expresses my opinion on the Government of Tuvalu’s Financial Statements, and the Government of Tuvalu’s Financial Statements. My statutory report detailing areas of audit emphasis and recommendations for improvement will be tabled at a later date, in order to give the Government of Tuvalu adequate time to respond to the audit issues raised. My audit opinion was a qualified (disclaimer) opinion on the Government of Tuvalu’s Financial Statements for the year ended 31 December 2016. -
Joint Annual Report Tuvalu European Commission
Joint Annual Report 2006 Tuvalu European Commission May 2007 Map of Tuvalu (Source: Asian Development Bank/Tuvalu Government) Contents 1. Executive Summary ............................................................................. 1 2. Update on the Political, Economic and Social Situation ................................ 2 2.1 Political situation . 2 2.2 Economic situation . 3 2.2.1· General . 3 2.2.2 Seafarer remittances ............................................................. 3 2.2.3 2006 National Budget . .. 4 2.2.4 Tuvalu Trust Fund and 9'h EDF . .. 5 2.3 Social situation . 5 2.3.1 Millennium Development Goals . 5 3. Overview of Past and Ongoing Co-operation . .. 7 3 .I Focal sectors . 9 3.2 Projects and programmes outside focal sectors....................................... 9 3.3 Repatriation ofTuvaluans from Nauru . ... I 0 3.4 Utilisation of the B-Envelope....... .. .. 11 4. Future EDF Programming Perspectives ......................................... .......... 11 4.1 IO'h EDF CSP and NIP: Focal Area of Co-operation ................................ 12 5. Conclusions .....................................................................................13 TABLES 2.1 Members of the current government ........................................................... 2 2.2 Select macro indicators: income, health, mortality, education ............................. 6 ANNEXES 1 Country Environmental Profile ................................................................ 15 2 Activity Pipeline Chronogram ................................................................ -
Tuvalu: Millennium Development Goals Progress Report 2010/2011
Tuvalu Millennium Development Goals Progress Report 2010/2011 Stories of Progress and the Struggle towards the attainment of Millennium Development Goals (2000-2010) May 2011. Photo Courtesy: James Conway, Stephen Boland, Simalua Enele, Semese Alefaio, Semi Malaki and Talavai Iona. © Government of Tuvalu All rights reserved This publication was prepared by the MDG Project Manager with assistance from the Department of Planning and Budget, National MDG Taskforce and UNDP Multi-Country Office. The interpretations and conclusions expressed in it do not necessary represent views of the Government of Tuvalu and UNDP .However, please note that this report has been endorsed and supported by Government Cabinet Ministers and reviewed by UN Agencies. The Government of Tuvalu and UNDP does not guarantee the accuracy of the data included in the publication and accepts no responsibility whatsoever for any consequences of their use. Please contact Department of Planning and Budget if you have queries: Director of Planning and Budget, Department of Planning and Budget, Ministry of Finance and Economic Development, Government of Tuvalu Vaiaku, Funafuti, TUVALU Tel: (+00688) 20231 Email: [email protected] Design and Layout: Niuatui I Niuatui Editor: Seona Smiles, WordWorks Fiji Tuvalu Millennium Development Goals Progress Report 2010/2011 Tuvalu Millennium Development Goals Report i “I pronounce these people to be the most quiet, peaceable, friendly and affectionate toward one another, the most strongly attached to children and hospitable to strangers, of any people I have ever met” Captain Henry Pease, Ship Planter, 1856 ii Tuvalu Millennium Development Goals Report “Keeping the promise 2015: Together as one, we can achieve the Millennium Development Goals.” Tuvalu National MDG Summit Theme – 11th November, 2010 Tuvalu Millennium Development Goals Report iii Table of Contents Foreword......................................................................................................................................................................................................... -
TE KAKEEGA III National Strategy for Sustainable Development 2016 to 2020
TE KAKEEGA III National Strategy for Sustainable Development 2016 to 2020 GOVERNMENT OF TUVALU T E KAKEEGA III National Strategy for Sustainable Development 2016 to 2020 a TE KAKEEGA III National Strategy for Sustainable Development 2016 to 2020 National Strategy for Sustainable Development 2016 to 2020 T E KAKEEGA III National Strategy for Sustainable Development 2016 to 2020 March 2016 GOVERNMENT OF TUVALU Private Mail Bag, Funafuti, Tuvalu Tel: (688) 20 231 email: [email protected] This work is not copyrighted. It can be reproduced in all, or in part, stored in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without the express written consent of the Tuvalu Government. But if any part is used this work must be cited. Production by Pasifika Communications Ltd • Printed by Quality Print, Suva, Fiji Photographs used by permission • Amalinda Satupa • Riiti Conway Mati Afelee • Semese Alefaio • James Conway • Letasi Iulai • Semi Malaki • Niuatui Niuatui Map: Asian Development Bank TE KAKEEGA III TE KAKEEGA III National Strategy for Sustainable Development 2016 to 2020 National Strategy for Sustainable Development 2016 to 2020 Table of Contents 4.5 Medical staffing 21 Theme of the 2015 National Summit 4.6 Professional pay and specialist retention 22 Contents i 4.7 Legislative and regulatory environment 22 on Sustainable Development List of Boxes iii 4.8 Climate change-related health issues 23 Foreword iv SOCIAL 23 Map of Tuvalu v 4.9 Social adaptation 23 Acronyms vi 4.10 Population 23 INTRODUCTION 1 4.11 Emigration 23 Vision 2 4.12 Poverty 23 Mission 3 4.13 Unemployment 24 Guiding principles 3 4.14 Community affairs 24 TKIII formulation 4 4.15 Culture 25 1. -
An Assessment of the Role of Women Within Fishing Communities in Tuvalu
FIELD REPORT No. 2 AN ASSESSMENT OF THE ROLE OF WOMEN WITHIN FISHING Secretariat of the Pacific Community COMMUNITIES IN TUVALU Lyn Lambeth Community Fisheries Officer COMMUNITY FISHERIES SECTION Secretariat of the Pacific Community Noumea, New Caledonia New Zealand Official Development Assistance Australian Agency for International Development © The Secretariat of the Pacific Community, 2000 All rights for commercial / for profit reproduction or translation, in any form, reserved.The SPC authorises the partial reproduction or translation of this material for scientific, educational or research purposes, provided that SPC and the source document are properly acknowledged. Permission to reproduce the document and/or translate in whole, in any form, whether for commercial / for profit or non-profit purposes, must be requested in writing. Original SPC artwork may not be altered or separately published without permission Original text: English This field report forms part of a series compiled by the Community Fisheries Section of the Secretariat of the Pacific Community's Coastal Fisheries Programme.These reports have been produced as a record of individual project activities and country assignments, from materials held within the Section, with the aim of making this information readily available. Each report in this series has been compiled within the Community Fisheries Section to a technical standard acceptable for release into the public arena. However, they have not been through the full Secretariat of the Pacific Community editorial process. Secretariat of the Pacific Community BP D5 98848 Noumea Cedex New Caledonia Telephone: +687 26 20 00 Facsimile: +687 26 38 18 E-mail: [email protected] http://www.spc.int Published with financial assistance from the Governments of Australia and New Zealand Prepared at the Secretariat of the Pacific Community Noumea, New Caledonia, 2000 ii CONTENTS ABBREVIATIONS AND ACRONYMS V ACKNOWLEDGMENTS V11 1. -
Asian Development Bank
Performance Evaluation Report Project Number: PPE:TUV 31538 Loan Number: 1693-TUV(SF) April 2006 Tuvalu: Island Development Program Operations Evaluation Department Asian Development Bank ABBREVIATIONS ADB − Asian Development Bank CIF − Consolidated Investment Fund CFC – community fishing center DBT − Development Bank of Tuvalu FTF − Falekaupule Trust Fund IDP − island development program MHARD − Ministry of Home Affairs and Rural Development NBT − National Bank of Tuvalu NZAid − New Zealand Agency for International Development OED − Operations Evaluation Department OEM − operations evaluation mission PCR − project completion report RRP – report and recommendation of the President TA − technical assistance TCA − technical and capital assistance TTF − Tuvalu Trust Fund UNDP − United Nations Development Programme GLOSSARY falekaupule – councils of elders kaupule – island councils NOTES The fiscal year (FY) of the Government ends on 31 December. Director General B. Murray, Operations Evaluation Department (OED) Director R. K. Leonard, Operations Evaluation Division 1, OED Team members O. Nuestro, Evaluation Officer, Operations Evaluation Division 1, OED C. J. Mongcopa, Senior Operations Evaluation Assistant, Operations Evaluation Division 1, OED Operations Evaluation Department, PE-681 CONTENTS Page BASIC DATA ii EXECUTIVE SUMMARY iii MAP vii I. INTRODUCTION 1 A. Evaluation Purpose and Process 1 B. Expected Results 2 II. DESIGN AND IMPLEMENTATION 3 A. Formulation 3 B. Rationale 4 C. Cost, Financing, and Executing Arrangements 5 D. Procurement, Construction, and Scheduling 6 E. Design Changes 6 F. Outputs 6 G. Consultants 8 H. Loan Covenants 9 I. Policy Framework 10 III. PERFORMANCE ASSESSMENT 10 A. Overall Assessment 10 B. Relevance 11 C. Effectiveness 11 D. Efficiency 13 E. Sustainability 13 IV. OTHER ASSESSMENTS 14 V.