Government of the Federated States of Micronesia

Nena is requesting funding for Fiscal Year 1999

PALIKIR, Pohnpei (FSM Information Service): May 5, 1998 - President Jacob Nena, on April 23rd, requested $31,979,730 for the operations of the National Government in FY 1999, in a communication to Congress Speaker Jack Fritz.

The requested amount include an additional figure of $5,300 which increases the original appropriation from $10,200 to $15,000, for the annual due for membership in the Asian Pacific Coconut Community.

Another change is to correct an oversight involving the amount originally requested for the year 2000 census which should be $100,000 instead of $500,000 as reflected.

Regarding funding for the Tokyo office, Nena said that the yen dollar exchange rate is favorable and no additional funding is anticipated at this time.

Pertinent draft legislation was transmitted for consideration of Congress.

For further information on this release, please contact:

FSM Office of the President
Public Information: Press, Radio, Video
P.O Box 34
Palikir Station, Pohnpei, FM 96941
Tel.: (691) 320-2548/2092
Fax.: (691) 320-4356