TUVALU TREASURY GOVERNMENT OF TUVALU MONTHLY REPORTING DASHBOARD November 2016
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 $3,500,000.00.00 $2,500,000.00 $15,000,000.00 $1,500,000.00.00 $500,000.00.00 Loan Repayments $800,000 12060000 $700,000 $600,000 10060000 $500,000 8060000 $400,000 6060000 $300,000 4060000 $200,000 $100,000 2060000 60000 Maintenance and Fuel Special Development Expenditures $16,000,000 $14,000,000 $12,000,000 $8,000,000 Grants and Subsidies
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, - 5.45% Total, Other Income, $3,008,672, 4.42% Total $6,786,211 10.81% 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 $-
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 1,462,966 374,106 177,406 159,806 142,531 155,170 158,546 201,900 166,652 142,108 215,216 144,022 173,715 132,997 1,970,069 1,595,963 374,106 Company Tax 1,352,337 2,700,000 (1,347,663) 0 317,561 3,194 385,366 0 0 0 0 0 316,173 330,043 0 1,352,337 2,700,000 (1,347,663) Tuvalu Consumption Taxes 1,378,904 1,029,829 349,075 124,500 124,029 111,132 111,049 112,781 107,966 124,643 141,660 136,280 142,600 142,263 93,621 1,472,525 1,123,450 349,075 Import Duty & Excise 1,823,753 1,435,736 388,017 125,289 149,012 189,818 155,780 158,109 201,132 105,874 194,593 205,485 159,106 179,555 130,521 1,954,274 1,566,257 388,017 Import Levy 155,552 116,749 38,803 13,270 9,563 15,360 12,671 14,619 14,414 13,444 12,008 18,843 15,499 15,861 10,614 166,166 127,363 38,803 Other Taxes 238,593 183,792 54,801 3,194 3,137 500 2,100 6,623 3,210 1,253 7,437 5,800 1,100 204,240 16,708 255,301 200,500 54,801 6,786,211 6,929,072 (142,861) 443,660 763,108 462,535 822,135 450,677 528,623 411,866 497,806 581,624 778,500 1,045,677 384,461 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) 18,119 203,373 422,849 290,709 (154,154) 418,948 694,220 35,903 28,269 (5,752,647) 51,667 (4,003,896) 2,503,862 (6,507,758) Lease, rent and hire 342,777 358,060 (15,283) 52,452 8,559 42,420 49,749 28,640 53,669 21,374 20,907 22,759 20,766 21,483 32,551 375,328 390,611 (15,283) (3,712,786) 2,810,255 (6,523,041) (208,700) 26,678 245,793 472,598 319,349 (100,485) 440,322 715,127 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 5,162,816 421,999 3,722,466 524,184 1,069,435 3,124,754 127,047 2,985,194 1,090,597 839,256 1,926,455 35,669,111 31,517,465 4,151,646 Vessel Registrations 897,634 1,146 896,488 203,170 0 0 243,262 0 0 238,052 0 0 213,150 0 104 897,738 1,250 896,488 Marine Services (Nivaga II & Manu Folau) 644,021 366,667 277,355 62,691 66,596 49,994 62,798 63,407 44,532 35,620 68,557 57,568 51,244 81,015 33,333 677,354 400,000 277,355 Stevedoring and Wharfage 320,553 236,500 84,053 29,556 30,139 27,585 37,071 64,466 8,867 19,239 17,951 19,789 27,911 37,980 21,500 342,053 258,000 84,053.TV 6,355,030 6,338,028 17,001 1,628,217 0 0 1,580,000 0 0 1,591,468 0 1,555,344 0 0 0 6,355,030 6,338,028 17,001 Provision of Goods and Services 876,406 646,186 230,220 61,430 40,132 19,553 79,720 36,617 32,349 60,644 23,164 57,370 34,381 431,046 58,744 935,150 704,930 230,220 Other Charges 270,058 379,171 (109,113) 24,207 17,927 13,681 21,309 24,697 81,766 16,665 31,143 13,059 10,549 15,056 34,470 304,528 413,641 (109,113) 43,106,357 37,558,708 5,547,649 16,684,177 5,317,609 532,812 5,746,627 713,370 1,236,949 5,086,442 267,862 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 2,162,258 0 0 4,539,740 0 0 0 0 0 3,958,198 0 0 3,072,771 11,570,709 9,408,451 2,162,258 AusAID (CIF) 1,500,000 1,500,000 0 0 0 0 0 0 1,500,000 0 0 0 0 0 0 1,500,000 1,500,000 0 New Zealand (CIF) 0 500,000 (500,000) 0 0 0 0 0 0 0 0 0 0 0 0 0 500,000 (500,000) 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 0 143,000 (143,000) 0 0 0 0 0 0 0 0 0 0 0 13,000 13,000 156,000 (143,000) Other Donors 198,776 0 198,776 48,967 0 7,440 2,618 6,864 69,476 (23,426) 15,608 28,796 39,964 2,469 0 198,776 0 198,776 14,510,201 8,478,680 6,031,520 48,967 0 4,547,180 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 () 0 0 0 0 0 0 0 0 0 0 0 0 0 () Total Receipts 60,689,983 60,556,715 133,268 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 66,185,772 133,268 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 1,579,611 241,606 90,840 115,470 105,528 112,338 104,695 175,042 115,349 107,263 174,328 118,134 119,018 132,395 1,470,400 1,588,743 118,343 Travel 3,209,163 4,142,521 933,357 63,797 218,522 336,528 247,838 443,878 367,417 268,893 332,775 273,980 321,614 333,922 233,249 3,442,412 2,798,990 (643,423) Telephone and Internet 146,583 236,175 89,592 14,232 13,901 17,089 13,483 18,212 13,457 5,682 17,339 8,099 14,269 10,819 15,234 161,817 182,807 20,990 Maintenance 6,377,240 8,973,387 2,596,148 66,502 5,076,948 108,932 120,865 57,704 85,377 136,330 238,825 96,685 261,716 127,355 273,715 6,650,955 9,313,580 2,662,626 Advertising and Provisions 909,089 1,143,924 234,835 42,248 102,923 169,371 47,901 91,942 82,278 64,086 84,660 106,387 50,292 67,001 98,355 1,007,444 1,187,071 179,628 Fuel and Oil 1,546,512 1,751,863 205,351 198,832 73,637 117,231 156,135 160,715 94,537 134,885 93,241 177,831 151,838 187,630 97,475 1,643,987 1,169,701 (474,286) Supplies and Equipment 2,495,496 4,152,605 1,657,109 239,492 157,552 94,307 198,305 169,629 265,928 168,746 201,567 422,474 270,562 306,935 249,349 2,744,845 3,034,153 289,308 Electricity 684,319 1,039,964 355,645 (11,873) 46,253 80,701 9,555 177,153 18,856 25,126 103,396 2,136 140,511 92,506 80,541 764,861 966,495 201,634 Senior Citizen Scheme / Pension 399,367 442,021 42,653 37,860 47,867 24,677 25,389 25,142 24,388 55,848 28,619 26,229 24,469 78,879 31,823 431,191 417,678 (13,513) TMTS (Tuvalu Medical Treatment Scheme) 3,332,708 3,596,294 263,586 196,336 256,450 51,252 270,955 192,959 691,719 367,097 190,463 434,186 313,357 367,933 250,333 3,583,041 3,004,000 (579,041) Land & Property Rent 1,018,135 1,113,028 94,893 27,029 26,540 746,015 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 4,251,701 643,675 394,244 292,006 623,181 295,149 170,926 291,092 595,835 172,586 429,431 103,958 239,619 554,055 4,162,081 4,455,671 293,590 Outer Island Projects (SDE) 2,538,574 2,880,000 341,426 644,560 41,536 84,512 421,241 123,794 700,230 17,540 251,171 89,031 151,268 13,691 240,000 2,778,574 2,880,000 101,426 Other SDEs 790,824 2,813,476 2,022,652 0 0 0 (100) 0 59,179 35,110 603,528 69,910 23,197 0 0 790,824 3,772,540 2,981,716 Scholarships and Support 4,688,265 5,524,630 836,366 591,644 630,482 437,958 521,874 243,690 661,812 326,223 415,512 341,676 375,620 141,774 442,722 5,130,987 6,042,665 911,678 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 508,118 875,396 367,277 69,581 277,029 18,133 7,640 37,173 4,009 20,692 8,587 47,868 2,010 15,396 0 508,118 993,592 485,474 12,148,807 16,639,050 4,490,243 1,700,029 1,241,054 1,163,783 1,260,804 575,583 1,716,322 995,400 1,451,383 977,915 656,053 410,480 1,236,777 13,385,584 18,423,315 5,037,730 Loans and Interest Interest and Bank Charges 29,573 221,038 191,465 2,045 4,119 4,269 2,221 1,882 4,107 2,281 2,391 2,507 1,937 1,815 18,007 47,580 260,478 212,898 Loan Repayment 642,048 643,687 1,640 0 328,893 0 0 9,400 0 0 303,755 0 0 0 0 642,048 640,281 (1,767) 671,621 864,725 193,104 2,045 333,012 4,269 2,221 11,282 4,107 2,281 306,146 2,507 1,937 1,815 18,007 689,628 900,759 211,131 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 55,704 976,876 2,711,010 1,204,302 126,316 504,218 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 55,704 976,876 2,711,010 1,204,302 126,316 504,218 5,956,710 4,931,662 (1,025,048) Transfer to TTF 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 30.8 38.4 35.5 36.8 39.9 38.0 39.9 42.1 38.3 40.3 37.7 30.8 31.7 Consolidated Investment Fund 29,551,646 General Current Account 1,292,704 Forecast &
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 1,462,966 374,106 1,595,963 Company Tax 1,352,337 2,700,000 (1,347,663) 2,700,000 Tuvalu Consumption Tax 1,378,904 1,029,829 349,075 1,123,450 Import Duty & Excise 1,823,753 1,435,736 388,017 1,566,257 Import Levy 155,552 116,749 38,803 127,363 Other Taxes 238,593 183,792 54,801 200,500 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 342,777 358,060 (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 1,146 896,488 1,250 Marine Services (Nivaga II & Manu Folau) 644,021 366,667 277,355 400,000 Stevedoring and Wharfage 320,553 236,500 84,053 258,000.TV 6,355,030 6,338,028 17,001 6,338,028 Provision of Goods and Services 876,406 646,186 230,220 704,930 Other Charges 270,058 379,171 (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 1,500,000 0 1,500,000 New Zealand (CIF) 0 500,000 (500,000) 500,000 World Bank, IMF, ADB 4,313,486 0 4,313,486 0 PDF 0 143,000 (143,000) 156,000 Other Donors 198,776 0 198,776 0 14,510,201 8,478,680 6,031,520 11,564,451 TTF Distribution to CIF 0 0 () () Total Receipts 60,689,983 60,556,715 133,268 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 1,579,611 241,606 1,588,743 Travel 3,209,163 4,142,521 933,357 2,798,990 Telephone and Internet 146,583 236,175 89,592 182,807 Maintenance 6,377,240 8,973,387 2,596,148 9,313,580 Advertising and Provisions 909,089 1,143,924 234,835 1,187,071 Fuel and Oil 1,546,512 1,751,863 205,351 1,169,701 Supplies and Equipment 2,495,496 4,152,605 1,657,109 3,034,153 Electricity 684,319 1,039,964 355,645 966,495 Senior Citizen Scheme / Pension 399,367 442,021 42,653 417,678 TMTS (Tuvalu Medical Treatment Scheme) 3,332,708 3,596,294 263,586 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 4,251,701 643,675 4,455,671 Outer Island Projects (SDE) 2,538,574 2,880,000 341,426 2,880,000 Other SDEs 790,824 2,813,476 2,022,652 3,772,540 Scholarships and Support 4,688,265 5,524,630 836,366 6,042,665 Contribution to Japan Grant Counterpart Fund 15,000 293,847 278,847 278,847 Overseas Contributions 508,118 875,396 367,277 993,592 12,148,807 16,639,050 4,490,243 18,423,315 Loans and Interest Interest and Bank Charges 29,573 221,038 191,465 260,478 Loan Repayment 642,048 643,687 1,640 640,281 671,621 864,725 193,104 900,759 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)
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 256,137 255,154 983 278,350 (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 16,274,626 830,560 19,778,210 (2,673,024) G Public Utilities 74,678 106,150 (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 5,750 909 O Foreign Affairs, Trade, Tourism, Environment & Labour 41,079 329,919 (288,841) 359,912 (318,833) Total Receipts 60,689,983 55,776,715 4,913,268 61,405,772 715,789 TTF Distribution to CIF 0 () () 60,689,983 60,556,715 133,268 66,185,772 (4,064,211) PAYMENTS A Office of the Governer General 310,945 333,110 22,165 249,220 (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 443,929 787,488 343,559 671,537 227,608 D Parliament 544,805 741,592 196,787 622,622 77,817 E Office of the Auditor General 295,776 335,549 39,773 335,549 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 7,331,713 176,851 H Health 7,095,614 8,695,931 1,600,317 8,517,638 1,422,024 I Natural Resources 2,409,708 2,937,019 527,311 2,914,321 504,613 J Home Affairs 5,425,724 6,409,471 983,747 6,369,656 943,932 K Police and Prison Services 1,988,243 2,452,527 464,284 2,440,529 452,286 L Transport and Communications 5,130,761 5,492,086 361,325 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 242,096 303,238 61,142 302,787 60,692 O Foreign Affairs, Trade, Tourism, Environment & Labour 2,580,950 3,351,018 770,068 3,306,700 725,750 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