2 Jun 2008

CNMI shoppers spend freely after receiving government rebates

3:16 pm on 2 June 2008

The release of economic stimulus cheques in the Commonwealth of the Northern Marianas sent local consumers into a shopping frenzy during the weekend.

As soon as the tax rebate checks arrived in mailboxes on Friday, long lines formed at local banks.

Retail stores reported a huge increase in sales, as customers bought items they could not afford with regular pay.

Bars, restaurants, and beauty shops saw a rush of customers eager to give themselves a treat.

The U.S. government sent 16 point one million US dollars for the payment of economic stimulus rebates to Commonwealth taxpayers

The rebates were the centrepiece of the U.S. Government's 168 billion US dollars package designed to bolster consumer spending and stir the sluggish economy.