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2020 National Budget

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2020 National Budget Government of Tuvalu 2020 National Budget Presented on 17th December 2019 By the Minister for Finance Honourable Seve Paeniu Table of Contents ACRONYMS AND ABBREVIATIONS ......................................................................................... 4 FOREWORD BY MINISTER FOR FINANCE ................................................................................. 8 2020 BUDGET HIGHLIGHTS .................................................................................................... 9 Delivering on the Government’s Policy Directions and Priorities ........................................ 10 NATIONAL STRATEGY FOR SUSTAINABLE DEVELOPMENT 2016 – 2020 .................................. 14 2020 ECONOMIC OUTLOOK ................................................................................................. 15 MEDIUM TERM FISCAL FRAMEWORK 2020 – 2022 ............................................................... 20 MTFF AGGREGATES ........................................................................................................................ 21 REVENUE ...................................................................................................................................... 21 Taxation Revenue .................................................................................................................... 22 Investment Revenue ................................................................................................................ 22 Government Charges ............................................................................................................... 23 Development Partner Assistance ............................................................................................. 23 EXPENDITURE ................................................................................................................................. 23 Government Payroll ................................................................................................................. 24 Travel and Communications .................................................................................................... 24 Maintenance ........................................................................................................................... 24 Deferred Maintenance Fund .................................................................................................... 25 Goods and Services .................................................................................................................. 25 Medical Treatment Schemes ................................................................................................... 25 Fuel and Oil ............................................................................................................................. 25 Scholarships ............................................................................................................................ 25 Student Education Loan Fund (SELF) ........................................................................................ 25 Community Service Obligations (CSOs) .................................................................................... 25 Overseas Contributions............................................................................................................ 26 Other Expenses ........................................................................................................................ 26 Capital ..................................................................................................................................... 26 Loan Repayment...................................................................................................................... 26 Interest Expense ...................................................................................................................... 26 FINANCIAL ASSETS ........................................................................................................................... 27 Tuvalu Trust Fund .................................................................................................................... 27 Consolidated Investment Fund ................................................................................................ 27 PUBLIC DEBT .................................................................................................................................. 27 1 | P a g e DEVELOPMENT PARTNER ASSISTANCE ................................................................................. 29 2020 FISCAL BUDGET RISK AND FISCAL RATIOS .................................................................... 33 2020 MINISTRY PROGRAM BUDGET ESTIMATES ................................................................... 37 HEAD A: OFFICE OF THE GOVERNOR GENERAL .................................................................................... 38 2020 MINISTRY BUDGET ESTIMATES ................................................................................................ 38 PROGRAM BUDGETS ....................................................................................................................... 40 HEAD B: OFFICE OF THE PRIME MINISTER .......................................................................................... 41 2020 MINISTRY BUDGET ESTIMATES ................................................................................................ 42 NEW FUNDING APPROVED IN THE 2020 BUDGET ................................................................................. 43 PROGRAM BUDGETS ....................................................................................................................... 45 HEAD C: LEGAL SERVICES ................................................................................................................ 47 2020 MINISTRY BUDGET ESTIMATES ................................................................................................ 48 PROGRAM BUDGETS ....................................................................................................................... 50 HEAD D: PARLIAMENT .................................................................................................................... 52 2020 MINISTRY BUDGET ESTIMATES ................................................................................................ 53 PROGRAM BUDGETS ....................................................................................................................... 54 HEAD E: OFFICE OF THE AUDITOR GENERAL ....................................................................................... 55 2020 MINISTRY BUDGET ESTIMATES ................................................................................................ 56 NEW FUNDING APPROVED IN THE 2020 BUDGET ................................................................................. 57 PROGRAM BUDGETS ....................................................................................................................... 57 HEAD F: MINISTRY OF FINANCE ........................................................................................................ 58 2020 MINISTRY BUDGET ESTIMATES ................................................................................................ 59 NEW FUNDING APPROVED IN THE 2020 BUDGET ................................................................................ 61 PROGRAM BUDGETS ....................................................................................................................... 65 HEAD G: MINISTRY OF PUBLIC WORKS, INFRASTRUCTURE, ENVIRONMENT, LABOUR, METEOROLOGY AND DISASTER ...................................................................................................................................... 70 2020 MINISTRY BUDGET ESTIMATES .................................................................................................. 72 NEW FUNDING APPROVED IN THE 2020 BUDGET ................................................................................... 73 PROGRAM BUDGETS ........................................................................................................................ 75 HEAD H: MINISTRY OF HEALTH, SOCIAL WELFARE AND GENDER AFFAIRS ............................................... 79 2020 MINISTRY BUDGET ESTIMATES ................................................................................................ 80 NEW FUNDING APPROVED IN THE 2020 BUDGET ................................................................................. 81 PROGRAM BUDGETS ....................................................................................................................... 84 HEAD I: MINISTRY OF FISHERIES AND TRADE ...................................................................................... 88 2020 MINISTRY BUDGET ESTIMATES ................................................................................................ 89 2 | P a g e NEW FUNDING APPROVED IN THE 2020 BUDGET ................................................................................. 90 PROGRAM BUDGETS ....................................................................................................................... 92 HEAD J: MINISTRY OF LOCAL GOVERNMENT AND AGRICULTURE ............................................................ 94 2020 MINISTRY BUDGET ESTIMATES ................................................................................................ 95 NEW FUNDING APPROVED IN THE 2020 BUDGET
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