TUVALU TREASURY GOVERNMENT OF TUVALU MONTHLY REPORTING DASHBOARD. November 2016

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1 TUVALU TREASURY GOVERNMENT OF TUVALU MONTHLY REPORTING DASHBOARD November 2016

2 Millions Government of Tuvalu Expenditure Analysis Annual Trends of Major Government Expenditures Personnel Costs Grants and Subsidies (incl. Scholarship Support) Travel Maintenance, Fuel, Electricity & Communications Other expenses Tuvalu Medical Treatment Scheme Current Year to Date Expenditures () Maintenance, $6,377,240, 12% Other expense, $5,617,421, 10% Tuvalu Medical Treatment Scheme, $3,332,708, 6% $20 $18 $16 Fuel, Electricity and Communications, $2,372,905, 4% Loan Repayments & Bank Fees, $674,235, 1% $14 $12 $10 $8 $6 $4 $2 Travel, $3,209,163, 6% Contributions to Tuvalu National Provident Fund, $1,338,005, 2% Grants and Subsidies (incl. Scholarship Support) $12,148,807 21% Wages, Salaries and Allowances, $15,512,972, 28% Special Development Expenditures, $5,452,491, 10% $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $3,500,000 $2,500,000 $1,500,000 $500,000 Total Expenditure Tuvalu Medical Treatment Scheme Salaries and TNPF Travel $25,000,000 $3,500, $2,500, $15,000, $1,500, $500, Loan Repayments $800, $700,000 $600, $500, $400, $300, $200,000 $100, Maintenance and Fuel Special Development Expenditures $16,000,000 $14,000,000 $12,000,000 $8,000,000 Grants and Subsidies

3 Millions Government of Tuvalu Revenue Analysis Annual Trends of Major Government Revenue Current Year to Date Revenue Collect () $30 $25 $20 Interest, Dividends & Rent, -$3,712,786, % Total, Other Income, $3,008,672, 4.42% Total $6,786, % Total, Dot TV, $6,355,030, 9.33% $15 $10 $5 Total $33,742,655.00% Total, External Assistance & Grant, $14,510,201, 21.30% -$5 Axis Title Dot TV External Assistance & Grant Fisheries Licenses Interest, Dividends & Rent Other Income Trust Fund Distribution $80,000,000 $70,000,000 $60,000,000 Total Revenue $16,000,000 $14,000,000 $12,000,000 External Assistance & Grants $6,700,000 $6,180,000 $5,660,000 $5,140,000 Dot TV $50,000,000 $4,620,000 $40,000,000 $8,000,000 $4,100,000 $30,000,000 $3,580,000 $3,060,000 $2,540,000 $2,020,000 $35,000,000 $30,000,000 $25,000,000 Fisheries $3,500,000 $2,500,000 $- Jan Feb Mar Apr may Jun Jul Aug Sep oct Nov Dec Other Income $8,000,000 $7,000,000 $1,500,000 Interest and Dividends $15,000,000 $1,500,000 $- $500,000 $-

4 MONTHLY STATEMENT OF RECEIPTS AND PAYENTS BY NATURE OF EXPENSE FOR THE PERIOD ENDED 30-Nov-16 Year to Date Year to Date Year to Date January February March April May June July August September October November December + Forecast 2016 Variance & Supplementary Variance Forecast Full Year Full Year RECEIPTS Income Tax 1,837,072 1,462, , , , , , , , , , , , , ,997 1,970,069 1,595, ,106 Company Tax 1,352,337 2,700,000 (1,347,663) 0 317,561 3, , , , ,352,337 2,700,000 (1,347,663) Tuvalu Consumption Taxes 1,378,904 1,029, , , , , , , , , , , , ,263 93,621 1,472,525 1,123, ,075 Import Duty & Excise 1,823,753 1,435, , , , , , , , , , , , , ,521 1,954,274 1,566, ,017 Import Levy 155, ,749 38,803 13,270 9,563 15,360 12,671 14,619 14,414 13,444 12,008 18,843 15,499 15,861 10, , ,363 38,803 Other Taxes 238, ,792 54,801 3,194 3, ,100 6,623 3,210 1,253 7,437 5,800 1, ,240 16, , ,500 54,801 6,786,211 6,929,072 (142,861) 443, , , , , , , , , ,500 1,045, ,461 7,170,672 7,313,533 (142,861) Interest, Dividends and Rent Interest and Dividends (4,055,563) 2,452,195 (6,507,758) (261,151) 18, , , ,709 (154,154) 418, ,220 35,903 28,269 (5,752,647) 51,667 (4,003,896) 2,503,862 (6,507,758) Lease, rent and hire 342, ,060 (15,283) 52,452 8,559 42,420 49,749 28,640 53,669 21,374 20,907 22,759 20,766 21,483 32, , ,611 (15,283) (3,712,786) 2,810,255 (6,523,041) (208,700) 26, , , ,349 (100,485) 440, ,127 58,662 49,035 (5,731,164) 84,218 (3,628,568) 2,894,473 (6,523,041) Other Government Charges Fisheries Licenses 33,742,655 29,591,010 4,151,646 14,674,907 5,162, ,999 3,722, ,184 1,069,435 3,124, ,047 2,985,194 1,090, ,256 1,926,455 35,669,111 31,517,465 4,151,646 Vessel Registrations 897,634 1, , , , , , ,738 1, ,488 Marine Services (Nivaga II & Manu Folau) 644, , ,355 62,691 66,596 49,994 62,798 63,407 44,532 35,620 68,557 57,568 51,244 81,015 33, , , ,355 Stevedoring and Wharfage 320, ,500 84,053 29,556 30,139 27,585 37,071 64,466 8,867 19,239 17,951 19,789 27,911 37,980 21, , ,000 84,053.TV 6,355,030 6,338,028 17,001 1,628, ,580, ,591, ,555, ,355,030 6,338,028 17,001 Provision of Goods and Services 876, , ,220 61,430 40,132 19,553 79,720 36,617 32,349 60,644 23,164 57,370 34, ,046 58, , , ,220 Other Charges 270, ,171 (109,113) 24,207 17,927 13,681 21,309 24,697 81,766 16,665 31,143 13,059 10,549 15,056 34, , ,641 (109,113) 43,106,357 37,558,708 5,547,649 16,684,177 5,317, ,812 5,746, ,370 1,236,949 5,086, ,862 4,688,324 1,427,831 1,404,352 2,074,607 45,180,964 39,633,315 5,547,649 External Assistance and Grants ROC 8,497,938 6,335,680 2,162, ,539, ,958, ,072,771 11,570,709 9,408,451 2,162,258 AusAID (CIF) 1,500,000 1,500, ,500, ,500,000 1,500,000 0 New Zealand (CIF) 0 500,000 (500,000) ,000 (500,000) World Bank, IMF, ADB 4,313, ,313, ,313, ,313, ,313,486 PDF 0 143,000 (143,000) ,000 13, ,000 (143,000) Other Donors 198, ,776 48, ,440 2,618 6,864 69,476 (23,426) 15,608 28,796 39,964 2, , ,776 14,510,201 8,478,680 6,031,520 48, ,547,180 2,618 6,864 5,882,962 (23,426) 15,608 3,986,994 39,964 2,469 3,085,771 17,595,972 11,564,451 6,031,520 TTF Distribution to CIF 0 () () Total Receipts 60,689,983 60,556, ,268 16,968,104 6,107,396 5,788,320 7,043,977 1,490,261 7,548,048 5,915,204 1,496,404 9,315,604 2,295,330 (3,278,666) 5,629,057 66,319,040 66,185, ,268 PAYMENTS Operations Wages, Salaries, and Employee Benefits 15,512,972 17,910,949 2,397,977 1,155,075 1,348,582 1,322,462 1,409,005 1,303,385 1,938,201 1,340,854 1,173,697 1,887,367 1,332,421 1,301,925 1,531,273 17,044,245 18,375,277 1,331,032 Contributions to Tuvalu National Provident Fund 1,338,005 1,579, ,606 90, , , , , , , , , , , ,395 1,470,400 1,588, ,343 Travel 3,209,163 4,142, ,357 63, , , , , , , , , , , ,249 3,442,412 2,798,990 (643,423) Telephone and Internet 146, ,175 89,592 14,232 13,901 17,089 13,483 18,212 13,457 5,682 17,339 8,099 14,269 10,819 15, , ,807 20,990 Maintenance 6,377,240 8,973,387 2,596,148 66,502 5,076, , ,865 57,704 85, , ,825 96, , , ,715 6,650,955 9,313,580 2,662,626 Advertising and Provisions 909,089 1,143, ,835 42, , ,371 47,901 91,942 82,278 64,086 84, ,387 50,292 67,001 98,355 1,007,444 1,187, ,628 Fuel and Oil 1,546,512 1,751, , ,832 73, , , ,715 94, ,885 93, , , ,630 97,475 1,643,987 1,169,701 (474,286) Supplies and Equipment 2,495,496 4,152,605 1,657, , ,552 94, , , , , , , , , ,349 2,744,845 3,034, ,308 Electricity 684,319 1,039, ,645 (11,873) 46,253 80,701 9, ,153 18,856 25, ,396 2, ,511 92,506 80, , , ,634 Senior Citizen Scheme / Pension 399, ,021 42,653 37,860 47,867 24,677 25,389 25,142 24,388 55,848 28,619 26,229 24,469 78,879 31, , ,678 (13,513) TMTS (Tuvalu Medical Treatment Scheme) 3,332,708 3,596, , , ,450 51, , , , , , , , , ,333 3,583,041 3,004,000 (579,041) Land & Property Rent 1,018,135 1,113,028 94,893 27,029 26, ,015 25,842 46,320 37,230 28,659 9,413 41,404 16,754 12,929 32,227 1,050,363 1,132,516 82,153 36,969,590 46,082,342 9,112,752 2,120,369 7,484,646 3,174,092 2,637,611 2,791,734 3,794,428 2,711,554 2,581,258 3,651,108 3,015,938 3,006,851 3,025,970 39,995,561 43,171,011 3,175,451 Grants and Subsidies Grants and Subsidies 3,608,026 4,251, , , , , , , , , , , , , ,055 4,162,081 4,455, ,590 Outer Island Projects (SDE) 2,538,574 2,880, , ,560 41,536 84, , , ,230 17, ,171 89, ,268 13, ,000 2,778,574 2,880, ,426 Other SDEs 790,824 2,813,476 2,022, (100) 0 59,179 35, ,528 69,910 23, ,824 3,772,540 2,981,716 Scholarships and Support 4,688,265 5,524, , , , , , , , , , , , , ,722 5,130,987 6,042, ,678 Contribution to Japan Grant Counterpart Fund 15, , , , , , ,847 Overseas Contributions 508, , ,277 69, ,029 18,133 7,640 37,173 4,009 20,692 8,587 47,868 2,010 15, , , ,474 12,148,807 16,639,050 4,490,243 1,700,029 1,241,054 1,163,783 1,260, ,583 1,716, ,400 1,451, , , ,480 1,236,777 13,385,584 18,423,315 5,037,730 Loans and Interest Interest and Bank Charges 29, , ,465 2,045 4,119 4,269 2,221 1,882 4,107 2,281 2,391 2,507 1,937 1,815 18,007 47, , ,898 Loan Repayment 642, ,687 1, , , , , ,281 (1,767) 671, , ,104 2, ,012 4,269 2,221 11,282 4,107 2, ,146 2,507 1,937 1,815 18, , , ,131 Capital Expenditures Purchase/construction of assets 5,452,491 13,116,275 7,663,784 94,140 38,354 81,281 51,329 31,679 81,501 55, ,876 2,711,010 1,204, , ,218 5,956,710 4,931,662 (1,025,048) 5,452,491 13,116,275 7,663,784 94,140 38,354 81,281 51,329 31,679 81,501 55, ,876 2,711,010 1,204, , ,218 5,956,710 4,931,662 (1,025,048) Transfer to TTF Total Payments 55,242,509 81,482,393 26,239,883 3,916,583 9,097,064 4,423,425 3,951,965 3,410,278 5,596,358 3,764,940 5,315,663 7,342,540 4,878,231 3,545,462 4,784,972 60,027,482 72,206,747 12,179,265 NET SURPLUS / (DEFICIT) 5,447,474 (20,925,677) 26,373,151 13,051,521 (2,989,669) 1,364,895 3,092,012 (1,920,017) 1,951,690 2,150,265 (3,819,259) 1,973,064 (2,582,901) (6,824,128) 844,084 6,291,558 (6,020,975) 12,312,532 FORECAST CASH POSITION $M Consolidated Investment Fund 29,551,646 General Current Account 1,292,704 Forecast &

5 MONTHLY STATEMENT OF RECEIPTS AND PAYENTS BY NATURE OF EXPENSE FOR THE PERIOD ENDED 30-Nov-16 Year to Date Year to Date Year to Date 2016 Variance RECEIPTS Income Tax 1,837,072 1,462, ,106 1,595,963 Company Tax 1,352,337 2,700,000 (1,347,663) 2,700,000 Tuvalu Consumption Tax 1,378,904 1,029, ,075 1,123,450 Import Duty & Excise 1,823,753 1,435, ,017 1,566,257 Import Levy 155, ,749 38, ,363 Other Taxes 238, ,792 54, ,500 6,786,211 6,929,072 (142,861) 7,313,533 Interest, Dividends and Rent Interest and Dividends (4,055,563) 2,452,195 (6,507,758) 2,503,862 Lease, rent and hire 342, ,060 (15,283) 390,611 (3,712,786) 2,810,255 (6,523,041) 2,894,473 Other Government Charges Fisheries Licenses 33,742,655 29,591,010 4,151,646 31,517,465 Vessel Registrations 897,634 1, ,488 1,250 Marine Services (Nivaga II & Manu Folau) 644, , , ,000 Stevedoring and Wharfage 320, ,500 84, ,000.TV 6,355,030 6,338,028 17,001 6,338,028 Provision of Goods and Services 876, , , ,930 Other Charges 270, ,171 (109,113) 413,641 43,106,357 37,558,708 5,547,649 39,633,315 External Assistance and Grants ROC 8,497,938 6,335,680 2,162,258 9,408,451 AusAID (CIF) 1,500,000 1,500, ,500,000 New Zealand (CIF) 0 500,000 (500,000) 500,000 World Bank, IMF, ADB 4,313, ,313,486 0 PDF 0 143,000 (143,000) 156,000 Other Donors 198, , ,510,201 8,478,680 6,031,520 11,564,451 TTF Distribution to CIF 0 0 () () Total Receipts 60,689,983 60,556, ,268 66,185,772 PAYMENTS Operations Wages, Salaries, and Employee Benefits 15,512,972 17,910,949 2,397,977 18,375,277 Contributions to Tuvalu National Provident Fund 1,338,005 1,579, ,606 1,588,743 Travel 3,209,163 4,142, ,357 2,798,990 Telephone and Internet 146, ,175 89, ,807 Maintenance 6,377,240 8,973,387 2,596,148 9,313,580 Advertising and Provisions 909,089 1,143, ,835 1,187,071 Fuel and Oil 1,546,512 1,751, ,351 1,169,701 Supplies and Equipment 2,495,496 4,152,605 1,657,109 3,034,153 Electricity 684,319 1,039, , ,495 Senior Citizen Scheme / Pension 399, ,021 42, ,678 TMTS (Tuvalu Medical Treatment Scheme) 3,332,708 3,596, ,586 3,004,000 Land & Property Rent 1,018,135 1,113,028 94,893 1,132,516 36,969,590 46,082,342 9,112,752 43,171,011 Grants and Subsidies Grants and Subsidies 3,608,026 4,251, ,675 4,455,671 Outer Island Projects (SDE) 2,538,574 2,880, ,426 2,880,000 Other SDEs 790,824 2,813,476 2,022,652 3,772,540 Scholarships and Support 4,688,265 5,524, ,366 6,042,665 Contribution to Japan Grant Counterpart Fund 15, , , ,847 Overseas Contributions 508, , , ,592 12,148,807 16,639,050 4,490,243 18,423,315 Loans and Interest Interest and Bank Charges 29, , , ,478 Loan Repayment 642, ,687 1, , , , , ,759 Capital Expenditures Purchase/construction of assets 5,452,491 13,116,275 7,663,784 4,931,662 5,452,491 13,116,275 7,663,784 4,931,662 Transfer to TTF 0 0 Total Payments 55,242,509 81,482,393 26,239,883 72,206,747 NET SURPLUS / (DEFECIT) 5,447,474 (20,925,677) 26,373,151 (6,020,975)

6 MONTHLY STATEMENT OF RECEIPTS AND PAYMENTS BY DEPARTMENT For the Period Ended 30-Nov-16 Approved on Cash Basis MINISTRY Year to Date Year to Date Year to Date Variance 2016 Variance YTD and 2016 RECEIPTS B Office of the Prime Minister 256, , ,350 (22,212) C Legal Services 30,685 67,879 (37,195) 74,050 (43,365) E Office of the Auditor General 39,411 59,125 (19,714) 64,500 (25,089) F Finance and Economic Development 17,105,186 16,274, ,560 19,778,210 (2,673,024) G Public Utilities 74, ,150 (31,472) 115,800 (41,122) H Health 14,966 13,750 1,216 15,000 (34) I Natural Resources 34,345,081 31,200,784 3,144,297 33,147,777 1,197,305 J Home Affairs 41,225 37,881 3,343 41,325 (100) K Police and Prison Services 27,518 46,200 (18,682) 50,400 (22,882) L Transport and Communications 8,687,450 7,334,143 1,353,307 7,424,699 1,262,751 M Education, Youth and Sports 19,909 45,833 (25,924) 50,000 (30,091) N Judiciary 6,659 5,271 1,388 5, O Foreign Affairs, Trade, Tourism, Environment & Labour 41, ,919 (288,841) 359,912 (318,833) Total Receipts 60,689,983 55,776,715 4,913,268 61,405, ,789 TTF Distribution to CIF 0 () () 60,689,983 60,556, ,268 66,185,772 (4,064,211) PAYMENTS A Office of the Governer General 310, ,110 22, ,220 (61,725) B Office of the Prime Minister 4,844,958 8,017,587 3,172,630 7,912,127 3,067,169 C Legal Services 443, , , , ,608 D Parliament 544, , , ,622 77,817 E Office of the Auditor General 295, ,549 39, ,549 39,773 F Finance and Economic Development 8,145,248 13,545,575 5,400,327 13,448,376 5,303,128 G Public Utilities 7,154,862 15,419,739 8,264,877 7,331, ,851 H Health 7,095,614 8,695,931 1,600,317 8,517,638 1,422,024 I Natural Resources 2,409,708 2,937, ,311 2,914, ,613 J Home Affairs 5,425,724 6,409, ,747 6,369, ,932 K Police and Prison Services 1,988,243 2,452, ,284 2,440, ,286 L Transport and Communications 5,130,761 5,492, ,325 5,073,238 (57,523) M Education, Youth and Sports 8,631,505 12,657,076 4,025,571 12,710,732 4,079,227 N Judiciary 242, ,238 61, ,787 60,692 O Foreign Affairs, Trade, Tourism, Environment & Labour 2,580,950 3,351, ,068 3,306, ,750 Total Payments 55,242,509 81,482,393 26,233,883 72,206,747 16,961,623 NET SURPLUS / (DEFECIT) 5,444,860 -$ 20,922,291 26,367,151 -$ 6,020,975 12,897,412