Commerce: Government spending less

Commerce reported that government expenditures were down to $38.27 million for the second quarter of this year compared to $46.44 million during the same period last year.

This is a 17.6 percent decrease — the largest since 2005, the department said.

Government expenditures in the first quarter amounted to $39.86 million.

“The government is spending less,” Ada said.

He added that the decrease in government expenditures is directly correlated to the drop in its  off-island travels.

The government is also implementing job hiring restrictions, he said.

He admitted, however, that the islands’ declining revenues are also  a major factor.

 

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