9 Mar 2011

CNMI scores low of 1.84 in Performeter

12:00 pm on 9 March 2011

A study on the fiscal affairs of the Commonwealth of the Northern Marianas has revealed a score of 1-point-84 on a scale of one-to-ten, with ten being most favourable.

According to the latest US funded Performeter analysis, the low result is being blamed on the fiscal year 2009 deficit of 282 million US dollars, equivalent to 122.5 percent of annual total revenue.

Two hundred and thirty five million US dollars of the deficit is related to pension and other employee benefit plan liabilities.

The CNMI was ranked the second lowest among nine US affiliated island territories that were also analyzed.

Guam received the lowest score at 1-point-30 in fiscal year 2009.