CNMI public debt lowers, Guam more than doubles

In terms of public debt, the CNMI is doing better than Guam, based on the U.S. Government Accountability Office’s public debt report on the five U.S. territories. According to the report, the CNMI’s public debt went down from $251.7 million in fiscal year 2005 to $144.7 million...
Posted On Oct 13 2017 06:06
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Torres on GAO: ‘Findings are vital’

Gov. Ralph DLG Torres considers vital the U.S. Government Accountability Office’s Public Debt Outlook report on the U.S. territories. In an Aug. 16, 2017 letter for comments from the Commonwealth government, Torres said the findings of the report were “vital to showcasing the...
Posted On Oct 05 2017 06:06
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‘Labor shortage may impair ability to pay debts’

The latest U.S. Government Accountability Office’s U.S. territories public debt outlook report to Congressional Committees echoes a familiar tune: the CNMI’s reliance on foreign workers. The GAO report specifies that the CNMI, though having decreased its Gross Domestic Product,...
Posted On Oct 04 2017 06:06
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GAO: NMI economy would take a hit

The investigative arm of the U.S. Congress believes the CNMI’s economy would take a huge hit if all foreign workers are removed from the labor market. David Gootnick, International Affairs and Trade director of the U.S. Government Accountability Office, said in his testimony read...
Posted On May 02 2017 06:06
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