21 Mar 2007

CNMI faces budget cuts

3:51 pm on 21 March 2007

Most government agencies in the Northern Marianas could have their budgets slashed by nearly 40 percent.

The Saipan Tribune reports that the Office of Management and Budget has prepared a revised budget plan based on new revenue projections.

These would see the massive cuts if key departments are spared any of the proposed 30 million US dollar reductions.

If the budget cut is distributed equally within the government, the reduction will amount to just under 16 percent for each agency.