Guam - The increase in tourists in the last year has contributed to a 15% increase in the Tourist Attraction Fund. The latest audit findings show that the Fund's revenue increased from $19.4 million in Fiscal Year 2009 to $22.2 million during the last fiscal year.
GVB General Manager Gerry Perez says their fiscal outlook is improving, saying, "The last eight years its been one thing after another, so last year was the first year we are starting to see blue skies because the year before that we had the financial crisis and so we were down to years but this past year we were up about 11 percent."
The Public Auditor noted though that the increase in tourists and revenues also saw an increase in expenditures. The Guam Visitors Bureau's appropriation increased to $13.5 million while $1.5 million was spent on capital projects.