7 Feb 2012

CNMI records million dollar surplus in latest financial quarter

12:09 pm on 7 February 2012

The Northern Marianas government has recorded a budget surplus of $1.06 million US dollars in the latest financial quarter - an improvement from the quarterly average deficit of $6.45 million in the 2011 fiscal year.

Government expenditures and obligations reached just over $25 million from October to December last year.

The surplus was due mostly to the government's actual or operational expenses being much less than what it was allotted.

The government has a $102 million dollar budget for 2012.