Congress Passes 2011 National Budget
Palikir, Pohnpei (FSM Congress): September 29, 2010 - The Sixteenth Congress of the Federated States of Micronesia today passed $39,041,803 as the operations of all branches of the National Government, its agencies, various programs, grants, subsidies and contributions for fiscal year 2011.
Following two and a half weeks of intense public hearings and meetings with the departments and entities of the national government, Congress passed a consolidated budget as recommended by each Congressional Standing Committee for funding requests within their respective jurisdictions.
The 2011 National Budget as balanced out by the Committee on Ways and Means is 14 million less than the originally submitted budget of 53 million. While a revised budget was submitted the Committee proceeded with the original bill, but with necessary changes.
Congressional Act 16-48 appropriates $39,041,803 from the General Fund as the 2011 National Budget and of that amount $ 32,336,662 is recommended from Domestic Revenues with the remaining $ 6,760,680 to be from funds available under the amended Compact Sector and the Supplemental Education Grant 2010.
The Budget Act apportioned the following funding for the operations of the National Government: Executive Branch - $16,935,424; Legislative Branch - $3,205,713; Judiciary Branch - $1,249,195: National Public Auditor - $965,612; National Agencies - $1,702,562; Special Programs - $276,544; Grants, Subsidies and Contributions - $6,323,653; and Capital and Human Resources Development - $8,383,100.
Congress also added precise language in the reprogramming section of the Act to clarify the procedures and those areas that reprogramming is authorized under the Act.
The National Government FY-2011 Budget Act has been transmitted to the President for his signature.
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 e-mail: email@example.com http://www.fsmcongress.fm