CNMI revenues exceed estimates

3:11 pm on 23 August 2017

Government revenues in the Northern Marianas have exceeded estimates by 11.4 percent.

Dynasty casino, Tinian, CNMI.

Dynasty casino, Tinian, CNMI. Photo: RNZ / Mark Rabago

Due to a booming tourism industry and aided by additional revenue streams from casino gaming, the CNMI's general fund revenue for fiscal year 2016 exceeded estimates by nearly $US21 million.

An audit report showed estimates were at almost $US183 million but the general fund received $US203 million.

The audit also noted that general fund expenditures exceeded appropriations by $US18 million mainly because of unanticipated expenditures.

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