Finance Secretary David DLG Atalig said they are working on a revised government budget for next fiscal year to be submitted to the Legislature on or before July 1, 2021. <\/p>\n
In response to inquiry about budget submission during a radio press briefing last Friday, Atalig said they are looking at their current revenues and analyzing the impacts of the $481.9-million American Rescue Plan Act money that\u2019s already been remitted to the CNMI and how that plays into their current revenue projection.<\/p>\n
\u201cWe are going to submit the revised budget based on reporting what we\u2019re doing with ARPA [funding] and how it\u2019s subsidizing the government\u2019s operations,\u201d Atalig said.<\/p>\n
He said they will be submitting the revised budget before the July 1 deadline. <\/p>\n
House of the Representatives Ways and Means Committee chair Rep. Donald M. Manglona (Ind-Rota) expects the House to pass a balanced budget for next fiscal year by first week of July. <\/p>\n
Manglona also disclosed that they will be proposing how the ARPA monies should be spent to include additional requests from agencies.<\/p>\n
The committee has already gone through budget hearings with the municipalities. <\/p>\n
Last April, Torres submitted a proposed budget that identifies a gross budget of $144.84 million, with only over $98 million left for appropriation after deducting debt service payments and NMI Settlement Fund obligations.<\/p>\n","protected":false},"excerpt":{"rendered":"
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