American Samoa's Governor, Lolo Moliga, says the government is forecasting to close its books for fiscal year 2015 with a US$4 million surplus.
In his state of the territory address, he said when his administration took office in 2013 the deficit was about US$8 million.
The governor told the gathering which included the chief Justice, members of the cabinet and members of some government boards, that the lessons learnt form the hardships of fiscal year 2014 were used to formulate a new economic plan of action for American Samoa.
He credited this new plan for turning the government's fiscal condition around.
The governor did not make mention of vendors still waiting for payments from the last fiscal year, and delays in LBJ hospital subsidies.