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By Gemma Q.
Casas
Variety News Staff
THE Department of Finance
says it will launch a more aggressive revenue collection system
to raise more funds for the cash-strapped government.
In a report to Gov. Benigno R. Fitial, Finance Secretary Eloy Inos said
they continue to closely monitor the stream of revenue collections amid
findings that the projected revenue this year will be short by more than
$30 million.
We are closely monitoring revenue collections and will be reporting
the status to you on a regular basis at shorter intervals, said
Inos.
Concurrently, we are launching a major and aggressive revenue collection
program that will include collection of outstanding taxes and other receivables
from major debtors, including those owing to the Commonwealth Health Center,
he added.
The finance secretary attributed the steadily declining revenue collections
to low garment production on Saipan and the diminishing number of tourists
visiting the islands as a direct result of Japan Airlines pulling
out of the CNMI more than a year ago.
A detailed analysis of the trend in the collection stream confirms
the continuing decline in the receipt of major revenue resources, especially
those related to the apparel and visitor industries, he said.
He added: The net effect of the adjustments necessary to reflect
a more realistic revenue projection for the year will require a reduction
of approximately $30.198 million from the previously approved estimate
of $193.483 million.
In other news, the House of Representatives passed last week House Bill
15-235 which seeks to clarify the intent of the $200,000 appropriation
for the Department of Finance.
Offered by Vice Speaker Justo S. Quitugua, D-Saipan, the bill states that
the $200,000 earmarked for the finance department will be used for enforcement
purposes.
The money will come from poker license fee collections without further
legislative approval.
H.B. 15-235 now goes to the Senate which is scheduled to hold a session
on March 8.
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