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Deficit & Debt Reduction group proposed

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by Sabrina Salas Matanane

Guam - With the local government facing a $2 billion deficit, Senator Rory Respicio has introduced a bill establishing the Guam Deficit and Debt Reduction Commission, made up of ten members - five from the private sector and five key fiscal and economic cabinet members. The governor would serve as chair.

Their mission will be to develop a long term strategy to stabilize the government's finances and reduce its overall debt.

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