The Department of Administration announced that unaudited financial results for Fiscal Year 2024 show the Government of Guam ended the year with revenues exceeding expenses, strengthening reserves and reinforcing long-term financial stability. 

The General Fund recorded $1.043 billion in total revenues and closed the fiscal year with a net surplus of $102 million. Of the $102 million surplus, $38.9 million strengthened the government’s main operating account, while $45.5 million remains as an unassigned General Fund balance to serve as a financial cushion for emergencies or unexpected costs.

An additional $67.4 million reflects accounting adjustments within the Guam Department of Education and does not represent unrestricted cash, and $3.8 million was recorded as a surplus in the government’s Health Self-Insurance Fund due to effective management of health care and pharmacy costs. Officials say the results reflect responsible financial management and disciplined budgeting, helping protect essential services, reduce financial risk, and improve Guam’s creditworthiness.

Audited financial statements are currently being finalized and will be released by the Office of Public Accountability upon completion.