FSM’s Mori signs $1.02M supplemental budget

Prior to the start of the Nov.17-24 special session of the 17th FSM Congress, Mori submitted a supplemental budget request that proposed an increase of $3.17 million to the FY ‘12  approved budget of $44,251,617.

The requested amount included investment subsidies to the FSM Trust Fund for $1 million and the FSM Social Security Program for $800,000.

Additional operation expenses of approximately $5,617 for the FSM Insurance Board and $10,000 each for the COM-FSM Board of Regents and the Department of Justice were also requested but denied by the FSM Congress.

Following congressional deliberations, what was eventually passed as  a supplemental budget allocates a total of $1,025,436  from recent Compact grant awards received by the FSM government.

The approved supplemental funding includes $121,321 from local revenues directed to the Department of Health and Social Affairs; $335,172 from local revenues directed to the Department of Education; $360,000 from Compact grants for a project that will enable the extension of Telecom’s ADSL internet connection to some public schools throughout the nation; $200,000 from funds available under the amended Compact to be used to conduct a survey of FSM citizens’ impact on and contributions to certain United States jurisdictions where they are residing; $10,000 from local revenues to help fund the Dec. 10-12 Micronesian Chief Executive Summit in Kosrae; and $15,000 also from local revenues to be used for election ID card project undertaken by the FSM National Election Office.

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