Congress of the Federated States of Micronesia

FSM Congress News, May 14, 2003

PALIKIR, Pohnpei (FSM Congress): May 14, 2003 - Congress sat today and announced that it will be conducting a meeting tomorrow with the JCN, the Departments of Finance and Administration and Justice, and other relevant departments and offices to discuss the procedures to be used in preparation of the FY 2004 Budget.

The FY 2004 budget is the first and priority issue to be tackled by the 13th Congress. This year's budget involves new funding under the amended compact and new procedures on how it may be dealt with. Congress agreed to meet with the Department of Finance and Administration and JCN members to discuss budget procedures to be used in dealing with the budget.

Chairmen of the Standing Committees informed the Speaker that their committees have organized and are now prepared to work on the FY 2004 budget and any other assignments the Speaker might have for them.

Speaker Peter Christian asked the Committees and Members to go ahead and look at the numbers in the budget and prepare themselves for public hearings, which shall begin as soon as the budget procedures are finalized.

Floor Leader Henry Asugar encouraged Members to consider and agreeing to a direction as to how the committees would approach the budget in light of the current financial situation of the government.

Congress will hold its first meeting with His Excellency Joseph Urusemal, President of the FSM, on Friday, May 16. The meeting will take place at the Central Facilities Building.

During the brief session yesterday, Speaker Christian called Members' addition to the following communications; one communication pertains to the appointment of Senator Sabino Asor as the new member of the JCN, replacing the former Speaker Jack Fritz. Other communications included the FY 2003 Semi-Annual National Government expenditure and performance reports for period ending March 31, 2003, the Department of Finance and Administration's revenue projection for the FSM National Government for FY 2003, and the official organization of the Chuuk State Legislature.

Congress will reconvene with its session tomorrow, May 17, at 10:00 a.m.

For further information on this release, please contact:

Congress of the Federated States of Micronesia
Public Information Office
P.O Box PS-3
Palikir Station, Pohnpei, FM 96941
Tel.: (691) 320-2324/2325
Fax.: (691) 320-5122