{"id":383342,"date":"2023-01-13T06:06:06","date_gmt":"2023-01-12T20:06:06","guid":{"rendered":"https:\/\/www.saipantribune.com\/?p=383342"},"modified":"2023-01-13T06:06:06","modified_gmt":"2023-01-12T20:06:06","slug":"state-of-affairs-issued-once-reviews-are-done","status":"publish","type":"post","link":"https:\/\/www.saipantribune.com\/index.php\/state-of-affairs-issued-once-reviews-are-done\/","title":{"rendered":"\u2018State of affairs issued once reviews are done\u2019"},"content":{"rendered":"<figure id=\"attachment_383346\" aria-describedby=\"caption-attachment-383346\" style=\"width: 960px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.saipantribune.com\/wp-content\/uploads\/2023\/01\/pala-apatang.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-383346\" src=\"https:\/\/www.saipantribune.com\/wp-content\/uploads\/2023\/01\/pala-apatang-1024x531.jpg\" alt=\"\" width=\"960\" height=\"498\" \/><\/a><figcaption id=\"caption-attachment-383346\" class=\"wp-caption-text\">Arnold Palacios and David M. Apatang<\/figcaption><\/figure>\n<p>Gov. Arnold I. Palacios and Lt. Gov. David M. Apatang announced yesterday that they will be providing the public with the CNMI government\u2019s general state of financial affairs when they have completed a thorough and comprehensive assessment of all financial records, audits, and other relevant documents.<\/p>\n<p>The administration is also currently reviewing all transition reports and financial records that have been prepared and compiled by the various transition teams assigned to evaluate current government operations.<\/p>\n<p>Palacios emphasized that his administration would like to share the state of the CNMI\u2019s finances in a transparent and prompt manner and noted that additional time was needed to ensure the information shared is accurate and correctly depicts the Commonwealth\u2019s fiscal state.<\/p>\n<p>\u201cWhile we work to rebuild confidence and trust in our government, it\u2019s critical that the true representation of our government\u2019s fiscal resources is shared with the people,\u201d Palacios said.<\/p>\n<p>Preliminary findings indicate that much of the funds from various accounts have been spent and some accounts have negative balances. Nonetheless, additional work is currently being undertaken to reconcile balances and figures from various accounts, including federally sourced funds like the American Rescue Plan Act.<\/p>\n<p>At the same time, the administration is actively exploring the need for short and long-term cost-cutting measures to ensure the sustainability of essential government programs and services.<\/p>\n<p>More information about these measures will be shared as the administration gains a more accurate picture of its finances and provides a realistic plan for fiscal and economic recovery. <strong><em>(PR)<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gov. Arnold I. Palacios and Lt. Gov. David M. Apatang announced yesterday that they will&#8230;<\/p>\n","protected":false},"author":28,"featured_media":383346,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-383342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/383342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=383342"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/383342\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media\/383346"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=383342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=383342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=383342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}