Learn more about the CNMI’s financial situation

Posted on Jun 13 2019


Gov. Ralph DLG Torres is inviting the public to attend a presentation on the CNMI’s current financial status as a continuation of the ongoing public outreach on the financial and economic issues facing the Commonwealth following the devastating effects of Super Typhoon Yutu. 

Interested members of the public are invited to view presentations from the CNMI Department of Finance and the Office of Management and Budget on the necessary decisions made to curtail spending, while providing critical public services for the community.

Presentations will be held at the Pedro P. Tenorio Multi-Purpose Center on Thursday, June 20, 2019 at 5:30pm.

Torres noted that the outreach presentations will further clarify the CNMI’s current economic and financial state.

 “This is a hard time for our people. The effects of the typhoon on the regular operations of our government have been devastating and complex,” he said. “It is important that we all truly understand the challenges we face, so that we can face them together on our road to recovery.” 

While the administration has made every effort to effectively inform the Legislature and government employees through reports, economic data, and meetings with Finance and OMB, Torres understands that easing the community’s concerns about the government’s finances is important in resolving this crisis.

“It is important to me that even in the rush of decisions that need to be made to ensure that our people are safe and secure, our community needs the full story, and we are more than happy to discuss everything that needs to be known about our finances. The decisions we have had to make and the conversations we have had with department heads and other community leaders are necessary because our economy is fragile, and one event like a natural disaster leads to one thing and can affect the lives of everyone who call these islands home.”

“With our elected leaders and government officials, we have taken action across the board from the central government, to Northern Marianas College, the Legislature, the Judiciary, and our Public School System to get us back on track. Lt. Gov. [Arnold I.] Palacios and I thank all of you truly for making sacrifices. Your efforts won’t go unnoticed, and we promise you that we will get through this together.  Now, more than ever, is the time to regroup and rebuild a stronger and more sustainable economy and community for the Marianas.” (PR)

Press Release
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