TUVALU TREASURY GOVERNMENT OF TUVALU MONTHLY REPORTING DASHBOARD August 2016
Millions Government of Tuvalu Expenditure Analysis Annual Trends of Major Government Expenditures Current Year to Date Expenditures () $20 $18 Personnel Costs Grants and Subsidies (incl. Scholarship Support) Travel Maintenance, Fuel, Electricity & Communications Other expenses Tuvalu Medical Treatment Scheme Fuel, Electricity and Communications, $1,562,572, 4% Other expense, $3,978,631, 10% Maintenance, $5,884,827, 15% Tuvalu Medical Treatment Scheme, $1,915,118, 5% $16 $14 Travel, $2,181,337, 6% Loan Repayments & Bank Fees, $662,704, 2% $12 $10 $8 31-08-16 $6 $4 Contributions to Tuvalu National Provident Fund, $922,091, 2% Special Development Expenditures, $1,408,735, 4% $2 Grants and Subsidies (incl. Scholarship Support), $8,782,733, 23% Wages, Salaries and Allowances, $10,850,473, 29% $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $3,500,000 Total Expenditure Tuvalu Medical Treatment Scheme $25,000,000 $15,000,000 $700,000 $600,000 $400,000 $300,000 $200,000 $100,000 Salaries and TNPF Loan Repayments.00.00.00.00.00.00.00 12060000 10060000 8060000 6060000 4060000 2060000 60000 Travel Maintenance and Fuel $4,500,000 $3,500,000 Special Development Expenditures $16,000,000 $14,000,000 $12,000,000 $8,000,000 $6,000,000 Grants and Subsidies
Millions Government of Tuvalu Revenue Analysis $30 Annual Trends of Major Government Revenue Interest, Dividends & Rent, $1,902,256, 4% Current Year to Date Revenue Collect () Other Income, $1,056,487, 2% Taxation, $2,489,099, 7% $25 Dot TV, $3,208,217, 8% $20 $15 31-08-16 $10 Fisheries Licenses, $23,721,733, 58% $5 -$5 Axis Title Dot TV External Assistance & Grant Fisheries Licenses Interest, Dividends & Rent Other Income Taxation Trust Fund Distribution External Assistance & Grant, $9,875,163, 24% $70,000,000 $60,000,000 $50,000,000 Total Revenue $14,000,000 $12,000,000 External Assistance & Grants $6,700,000 $6,180,000 $5,660,000 $5,140,000 Dot TV $40,000,000 $8,000,000 $4,620,000 $30,000,000 $6,000,000 $4,100,000 $3,580,000 $3,060,000 $2,540,000 $- Jan Feb Mar Apr may Jun Jul Aug Sep oct Nov Dec $2,020,000 Fisheries Other Income Taxation Interest and Dividends $35,000,000 $8,000,000 $30,000,000 $25,000,000 $15,000,000 $7,000,000 $6,000,000 $- $-
MONTHLY STATEMENT OF RECEIPTS AND PAYENTS BY NATURE OF EXPENSE FOR THE PERIOD ENDED 31/08/2016 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 Forecast Forecast Forecast Full Year Full Year RECEIPTS Taxation Income Tax 1,292,608 1,063,975 228,633 177,406 159,806 142,531 155,170 158,546 201,723 166,652 130,774 132,997 132,997 132,997 132,997 1,824,596 1,595,963 228,633 Company Tax 706,121 360,000 346,121 0 317,561 3,194 385,366 0 0 0 0 340,000 0 2,000,000 0 3,046,121 2,700,000 346,121 Tuvalu Consumption Taxes 951,092 748,967 202,126 124,500 124,029 111,132 111,049 112,781 107,966 124,643 134,992 93,621 93,621 93,621 93,621 1,325,576 1,123,450 202,126 Import Duty & Excise 1,265,100 1,044,171 220,929 125,289 149,012 189,818 155,780 158,109 201,132 105,874 180,086 130,521 130,521 130,521 130,521 1,787,186 1,566,257 220,929 Import Levy 104,367 84,909 19,459 13,270 9,563 15,360 12,671 14,619 14,414 13,444 11,026 10,614 10,614 10,614 10,614 146,822 127,363 19,459 Other Taxes 27,453 133,667 (106,213) 3,194 3,137 500 2,100 6,623 3,210 1,253 7,437 16,708 16,708 16,708 16,708 94,287 200,500 (106,213) 4,346,743 3,435,689 911,054 443,660 763,108 462,535 822,135 450,677 528,446 411,866 464,315 724,461 384,461 2,384,461 384,461 8,224,587 7,313,533 911,054 Interest, Dividends and Rent Interest and Dividends 1,632,913 663,333 969,579 (261,151) 18,119 203,373 422,849 290,709 (154,154) 418,948 694,220 301,667 51,667 1,435,529 51,667 3,473,441 2,503,862 969,579 Lease, rent and hire 269,344 260,407 8,937 52,452 8,559 42,420 49,749 28,640 51,778 19,642 16,105 32,551 32,551 32,551 32,551 399,547 390,611 8,937 1,902,256 923,741 978,516 (208,700) 26,678 245,793 472,598 319,349 (102,376) 438,590 710,325 334,218 84,218 1,468,080 84,218 3,872,989 2,894,473 978,516 Other Government Charges Fisheries Licenses 28,806,030 21,711,644 7,094,386 14,674,907 5,162,816 421,999 3,722,466 524,184 1,069,435 3,124,754 105,469 1,926,455 4,026,455 1,926,455 1,926,455 38,611,851 31,517,465 7,094,386 Vessel Registrations 684,484 833 683,651 203,170 0 0 243,262 0 0 238,052 0 104 104 104 104 684,901 1,250 683,651 Marine Services (Nivaga II & Manu Folau) 449,359 266,667 182,693 62,691 66,596 49,994 62,798 63,407 44,055 35,358 64,461 33,333 33,333 33,333 33,333 582,693 400,000 182,693 Stevedoring and Wharfage 234,873 172,000 62,873 29,556 30,139 27,585 37,071 64,466 8,867 19,239 17,951 21,500 21,500 21,500 21,500 320,873 258,000 62,873.TV 4,799,686 4,753,521 46,164 1,628,217 0 0 1,580,000 0 0 1,591,468 0 0 1,584,507 0 0 6,384,193 6,338,028 46,164 Provision of Goods and Services 351,697 469,954 (118,256) 61,430 40,132 19,553 79,720 36,617 32,059 60,444 21,742 58,744 58,744 58,744 58,744 586,674 704,930 (118,256) Other Charges 230,566 275,761 (45,195) 24,207 17,927 13,679 21,307 24,620 81,696 16,503 30,627 34,470 34,470 34,470 34,470 368,446 413,641 (45,195) 35,556,695 27,650,379 7,906,316 16,684,177 5,317,609 532,810 5,746,625 713,294 1,236,112 5,085,818 240,251 2,074,607 5,759,114 2,074,607 2,074,607 47,539,631 39,633,315 7,906,316 External Assistance and Grants ROC 4,539,740 6,272,300 (1,732,560) 0 0 4,539,740 0 0 0 0 0 21,127 21,127 21,127 3,072,771 7,675,891 9,408,451 (1,732,560) AusAID (CIF) 1,500,000 0 1,500,000 0 0 0 0 0 1,500,000 0 0 0 1,500,000 0 0 3,000,000 1,500,000 1,500,000 New Zealand (CIF) 0 0 0 0 0 0 0 0 0 0 0 0 500,000 0 0 500,000 500,000 0 World Bank, IMF, ADB 4,313,486 0 4,313,486 0 0 0 0 0 4,313,486 0 0 0 0 0 0 4,313,486 0 4,313,486 PDF 0 104,000 (104,000) 0 0 0 0 0 0 0 0 13,000 13,000 13,000 13,000 52,000 156,000 (104,000) Other Donors 111,939 0 111,939 48,967 0 7,440 2,618 6,864 69,476 (23,426) 0 0 0 0 0 111,939 0 111,939 10,465,165 6,376,300 4,088,865 48,967 0 4,547,180 2,618 6,864 5,882,962 (23,426) 0 34,127 2,034,127 34,127 3,085,771 15,653,316 11,564,451 4,088,865 TTF Distribution to CIF 0 4,780,000 (4,780,000) 0 0 0 0 0 0 0 0 0 0 0 0 0 4,780,000 (4,780,000) Total Receipts 52,270,860 43,166,109 9,104,751 16,968,104 6,107,396 5,788,318 7,043,975 1,490,184 7,545,144 5,912,847 1,414,891 3,167,413 8,261,920 5,961,275 5,629,057 75,290,523 66,185,772 9,104,751 PAYMENTS Operations Wages, Salaries, and Employee Benefits 10,850,473 18,019,747 7,169,274 1,155,075 1,348,582 1,309,082 1,409,005 1,288,555 1,865,540 1,314,144 1,160,491 1,531,273 1,531,273 1,531,273 1,531,273 16,975,565 18,375,277 1,399,712 Contributions to Tuvalu National Provident Fund 922,091 1,577,022 654,932 90,840 115,470 105,469 112,338 104,636 172,145 114,585 106,609 132,395 132,395 132,395 132,395 1,451,671 1,588,743 137,071 Travel 2,181,337 3,375,902 1,194,565 63,797 218,522 333,979 247,838 411,404 354,285 259,629 291,884 233,249 233,249 233,249 233,249 3,114,334 2,798,990 (315,344) Telephone and Internet 103,173 219,880 116,707 14,232 13,901 17,089 12,448 17,510 10,580 1,388 16,026 15,234 15,234 15,234 15,234 164,109 182,807 18,698 Maintenance 5,884,827 9,186,360 3,301,533 66,502 5,076,948 108,932 120,865 57,704 82,889 133,950 237,037 337,048 273,715 273,715 273,715 7,043,020 9,313,580 2,270,560 Advertising and Provisions 666,995 1,170,130 503,135 42,248 102,923 169,371 47,901 91,867 81,942 56,419 74,325 98,355 105,167 98,355 98,355 1,067,227 1,187,071 119,844 Fuel and Oil 1,022,147 1,225,683 203,536 198,832 73,637 115,488 156,135 159,510 91,932 133,948 92,666 97,475 97,475 97,475 97,475 1,412,048 1,169,701 (242,347) Supplies and Equipment 1,473,416 3,696,875 2,223,459 239,492 157,552 94,307 198,305 169,382 258,513 166,360 189,505 418,384 332,124 261,994 249,349 2,735,267 3,032,149 296,882 Electricity 441,761 913,060 471,299 (11,873) 46,253 80,701 9,555 177,153 16,766 21,457 101,749 80,541 80,541 80,541 80,541 763,926 966,495 202,569 Senior Citizen Scheme / Pension 269,790 437,721 167,931 37,860 47,867 24,677 25,389 25,142 24,388 55,848 28,619 31,823 31,823 31,823 31,823 397,083 417,678 20,595 TMTS (Tuvalu Medical Treatment Scheme) 1,915,118 3,082,294 1,167,176 196,336 256,450 51,252 270,955 192,959 562,740 256,737 127,688 250,333 250,333 250,333 250,333 2,916,451 3,004,000 87,548 Land & Property Rent 866,203 1,140,171 273,967 27,029 26,540 727,258 17,949 31,658 17,418 10,874 7,478 32,227 62,227 32,227 32,227 1,025,113 1,132,516 107,402 26,597,332 44,044,845 17,447,513 2,120,369 7,484,646 3,137,603 2,628,683 2,727,479 3,539,138 2,525,337 2,434,077 3,258,339 3,145,558 3,038,616 3,025,970 39,065,814 43,169,007 4,103,193 Grants and Subsidies Grants and Subsidies 2,812,102 4,482,526 1,670,423 394,244 292,006 623,181 295,149 170,926 290,891 595,835 149,871 399,889 247,879 342,699 554,055 4,356,625 4,455,671 99,046 Outer Island Projects (SDE) 2,284,584 2,880,000 595,416 644,560 41,536 84,512 421,241 123,794 700,230 17,540 251,171 240,000 240,000 240,000 240,000 3,244,584 2,880,000 (364,584) Other SDEs 697,717 3,590,374 2,892,657 0 0 0 (100) 0 59,179 35,110 603,528 1,673,533 1,044,503 1,044,503 0 4,460,257 3,772,540 (687,717) Scholarships and Support 3,228,256 5,908,342 2,680,086 591,644 630,482 437,958 521,874 243,690 416,243 111,546 274,818 462,722 462,722 462,722 442,722 5,059,144 6,042,665 983,521 Contribution to Japan Grant Counterpart Fund 15,000 293,847 278,847 0 0 0 15,000 0 0 0 0 0 0 0 0 15,000 278,847 263,847 Overseas Contributions 442,791 951,752 508,961 69,581 277,029 18,133 7,640 37,173 4,009 20,692 8,534 0 0 0 0 442,791 993,592 550,800 9,480,450 18,106,841 8,626,390 1,700,029 1,241,054 1,163,783 1,260,804 575,583 1,470,553 780,723 1,287,922 2,776,145 1,995,104 2,089,924 1,236,777 17,578,401 18,423,315 844,913 Loans and Interest Interest and Bank Charges 20,657 231,578 210,921 2,045 4,119 2,675 2,207 1,811 3,214 2,256 2,331 18,007 18,007 18,007 18,007 92,683 260,478 167,795 Loan Repayment 642,048 643,681 1,633 0 328,893 0 0 9,400 0 0 303,755 178,653 0 0 0 820,700 640,281 (180,419) 662,704 875,259 212,555 2,045 333,012 2,675 2,207 11,211 3,214 2,256 306,086 196,659 18,007 18,007 18,007 913,383 900,759 (12,624) Capital Expenditures Purchase/construction of assets 1,408,735 13,048,431 11,639,696 94,140 38,354 81,281 51,329 30,835 81,501 55,348 975,947 612,219 588,424 524,219 504,218 3,637,816 4,931,662 1,293,846 1,408,735 13,048,431 11,639,696 94,140 38,354 81,281 51,329 30,835 81,501 55,348 975,947 612,219 588,424 524,219 504,218 3,637,816 4,931,662 1,293,846 Transfer to TTF 0 4,780,000 4,780,000 0 0 0 0 0 0 0 0 0 0 0 0 0 4,780,000 4,780,000 Total Payments 38,149,222 80,855,376 42,706,154 3,916,583 9,097,064 4,385,342 3,943,023 3,345,108 5,094,405 3,363,664 5,004,032 6,843,362 5,747,093 5,670,766 4,784,972 61,195,415 72,204,743 11,009,328 NET SURPLUS / (DEFICIT) 14,121,638 (37,689,268) 51,810,906 13,051,521 (2,989,669) 1,402,975 3,100,952 (1,854,924) 2,450,739 2,549,183 (3,589,140) (3,675,949) 2,514,827 290,509 844,084 14,095,109 (6,018,971) 20,114,079 FORECAST CASH POSITION $M 37.7 36.7 33.7 35.1 38.2 36.3 38.8 41.3 37.7 34.1 36.6 36.9 37.7 Consolidated Investment Fund 35,240,122 General Current Account 2,489,873 Forecast &
MONTHLY STATEMENT OF RECEIPTS AND PAYENTS BY NATURE OF EXPENSE FOR THE PERIOD ENDED 31/08/2016 Year to Date Year to Date Year to Date 2016 Variance RECEIPTS Taxation Income Tax 1,292,608 1,063,975 228,633 1,595,963 Company Tax 706,121 360,000 346,121 2,700,000 Tuvalu Consumption Tax 951,092 748,967 202,126 1,123,450 Import Duty & Excise 1,265,100 1,044,171 220,929 1,566,257 Import Levy 104,367 84,909 19,459 127,363 Other Taxes 27,453 133,667 (106,213) 200,500 4,346,743 3,435,689 911,054 7,313,533 Interest, Dividends and Rent Interest and Dividends 1,632,913 663,333 969,579 2,503,862 Lease, rent and hire 269,344 260,407 8,937 390,611 1,902,256 923,741 978,516 2,894,473 Other Government Charges Fisheries Licenses 28,806,030 21,711,644 7,094,386 31,517,465 Vessel Registrations 684,484 833 683,651 1,250 Marine Services (Nivaga II & Manu Folau) 449,359 266,667 182,693 400,000 Stevedoring and Wharfage 234,873 172,000 62,873 258,000.TV 4,799,686 4,753,521 46,164 6,338,028 Provision of Goods and Services 351,697 469,954 (118,256) 704,930 Other Charges 230,566 275,761 (45,195) 413,641 35,556,695 27,650,379 7,906,316 39,633,315 External Assistance and Grants ROC 4,539,740 6,272,300 (1,732,560) 9,408,451 AusAID (CIF) 1,500,000 0 1,500,000 1,500,000 New Zealand (CIF) 0 0 0 500,000 World Bank, IMF, ADB 4,313,486 0 4,313,486 0 PDF 0 104,000 (104,000) 156,000 Other Donors 111,939 0 111,939 0 10,465,165 6,376,300 4,088,865 11,564,451 TTF Distribution to CIF 0 4,780,000 (4,780,000) 4,780,000 0 4,780,000 (4,780,000) 4,780,000 Total Receipts 52,270,860 43,166,109 9,104,751 66,185,772 PAYMENTS Operations Wages, Salaries, and Employee Benefits 10,850,473 18,019,747 7,169,274 18,375,277 Contributions to Tuvalu National Provident Fund 922,091 1,577,022 654,932 1,588,743 Travel 2,181,337 3,375,902 1,194,565 2,798,990 Telephone and Internet 103,173 219,880 116,707 182,807 Maintenance 5,884,827 9,186,360 3,301,533 9,313,580 Advertising and Provisions 666,995 1,170,130 503,135 1,187,071 Fuel and Oil 1,022,147 1,225,683 203,536 1,169,701 Supplies and Equipment 1,473,416 3,696,875 2,223,459 3,032,149 Electricity 441,761 913,060 471,299 966,495 Senior Citizen Scheme / Pension 269,790 437,721 167,931 417,678 TMTS (Tuvalu Medical Treatment Scheme) 1,915,118 3,082,294 1,167,176 3,004,000 Land & Property Rent 866,203 1,140,171 273,967 1,132,516 26,597,332 44,044,845 17,447,513 43,169,007 Grants and Subsidies Grants and Subsidies 2,812,102 4,482,526 1,670,423 4,455,671 Outer Island Projects (SDE) 2,284,584 2,880,000 595,416 2,880,000 Other SDEs 697,717 3,590,374 2,892,657 3,772,540 Scholarships and Support 3,228,256 5,908,342 2,680,086 6,042,665 Contribution to Japan Grant Counterpart Fund 15,000 293,847 278,847 278,847 Overseas Contributions 442,791 951,752 508,961 993,592 9,480,450 18,106,841 8,626,390 18,423,315 Loans and Interest Interest and Bank Charges 20,657 231,578 210,921 260,478 Loan Repayment 642,048 643,681 1,633 640,281 662,704 875,259 212,555 900,759 Capital Expenditures Purchase/construction of assets 1,408,735 13,048,431 11,639,696 4,931,662 1,408,735 13,048,431 11,639,696 4,931,662 Transfer to TTF 0 4,780,000 4,780,000 4,780,000 0 4,780,000 4,780,000 4,780,000 Total Payments 38,149,222 80,855,376 42,706,154 72,204,743 NET SURPLUS / (DEFECIT) 14,121,638 (37,689,268) 51,810,906 (6,018,971)
MONTHLY STATEMENT OF RECEIPTS AND PAYMENTS BY DEPARTMENT For the Period Ended 31/08/2016 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 178,734 185,567 (6,833) 278,350 (99,616) C Legal Services 21,959 49,367 (27,408) 74,050 (52,092) E Office of the Auditor General 39,083 43,000 (3,917) 64,500 (25,417) F Finance and Economic Development 16,095,106 10,328,806 5,766,301 19,778,210 (3,683,103) G Public Utilities 56,127 77,200 (21,073) 115,800 (59,673) H Health 8,276 10,000 (1,724) 15,000 (6,724) I Natural Resources 29,377,808 21,875,944 7,501,864 33,147,777 (3,769,969) J Home Affairs 30,395 27,550 2,845 41,325 (10,930) K Police and Prison Services 21,572 33,600 (12,028) 50,400 (28,828) L Transport and Communications 6,390,974 5,477,968 913,006 7,424,699 (1,033,724) M Education, Youth and Sports 16,045 33,333 (17,288) 50,000 (33,955) N Judiciary 4,751 3,833 918 5,750 (999) O Foreign Affairs, Trade, Tourism, Environment & Labour 30,030 239,941 (209,911) 359,912 (329,882) Total Receipts 52,270,860 38,386,109 13,884,751 61,405,772 9,134,912 TTF Distribution to CIF 0 4,780,000 (4,780,000) 4,780,000 (4,780,000) 52,270,860 43,166,109 9,104,751 66,185,772 4,354,912 PAYMENTS A Office of the Governer General 252,931 294,929 41,998 249,220 (3,711) B Office of the Prime Minister 2,793,626 7,977,127 5,183,501 7,912,127 5,118,501 C Legal Services 257,147 821,538 564,391 671,537 414,390 D Parliament 427,152 693,592 266,439 622,622 195,470 E Office of the Auditor General 228,013 335,549 107,536 335,549 107,536 F Finance and Economic Development 7,411,867 13,506,415 6,094,549 13,448,376 6,036,509 G Public Utilities 2,385,855 15,326,086 12,940,231 7,331,713 4,945,858 H Health 4,625,792 8,695,931 4,070,139 8,517,638 3,891,846 I Natural Resources 1,922,109 2,916,319 994,210 2,912,321 990,212 J Home Affairs 4,583,371 6,369,656 1,786,285 6,369,656 1,786,285 K Police and Prison Services 1,542,185 2,440,528 898,343 2,440,525 898,340 L Transport and Communications 3,506,898 5,073,237 1,566,339 5,073,238 1,566,340 M Education, Youth and Sports 6,390,024 12,751,976 6,361,952 12,710,732 6,320,708 N Judiciary 165,537 302,788 137,251 302,787 137,250 O Foreign Affairs, Trade, Tourism, Environment & Labour 1,656,715 3,349,705 1,692,990 3,306,700 1,649,985 Total Payments 38,149,222 80,855,376 42,706,154 72,204,743 34,055,521 NET SURPLUS / (DEFECIT) 14,121,638 (37,689,268) 51,810,906 (6,018,971) 38,410,433