6 Oct 2008

Replacement CNMI budget being formulated

10:29 am on 6 October 2008

The Senate in the CNMI is poised to offer a substitute bill to replace the budget legislation passed by the House of Representatives.

According to the chairwoman of the Senate's Fiscal Affairs Committee, Senator Maria Pangelinan, it's preparing a measure that will include itemised appropriations for Executive Branch agencies.

The House-approved Budget provided a lump sum budget for the administration.

Proponents of the idea in the House argue that the governor, who will have full authority over the US$75 million budget , knows best how to manage the limited resources.

But Ms Pangelinan says the Legislature should set specific spending guidelines, precisely because general fund resources are scarce