Public sector scrutinized for collections lull
The Government of Guam's finances were the focus of discussions at the Legislature this morning as the Office of Finance and Budget received an update on the current fiscal year's revenue tracking.
By KUAM NewsGuam - The Government of Guam's finances were the focus of discussions at the Legislature this morning as the Office of Finance and Budget received an update on the current fiscal year's revenue tracking. The island's public sector is currently operating with a $36 million shortfall as collections are significantly behind.
Bureau of Budget Management & Research Director Bertha Duenas was asked how the Camacho Administration intends to fund the law enforcement raise that takes effect on October 1, as well as how the government will be able to afford implementing raises under the Hay Study.
Officials said they are currently crunching the numbers for the next fiscal year to determine what the government will be able to afford.