The Leon Guerrero-Tenorio administration has reported its fifth consecutive General Fund surplus for the fiscal year ending Sept. 30, 2023.

With unaudited statements showing a surplus of $28.9 million from total revenues of $934 million, officials attribute this to careful fiscal management and responsible budgeting. 

Most of this surplus ($24.5 million) has been committed for future expenditures through legislative appropriations.

“This surplus is a testament to our administration’s disciplined fiscal strategy and commitment to safeguarding Guam’s financial future. Each year, we prioritize stability and accountability, ensuring that taxpayer dollars serve the long-term well-being of our people,” said  Governor Lou Leon Guerrero.

“With five years of consistent surpluses, we continue strengthening Guam’s economy and building a solid foundation for future generations. Our fiscal policies have produced results that reflect our dedication to responsible governance,” added Lt. Governor Josh Tenorio. 

Final audited reports are pending completion, due to delays from the Guam Department of Education.