Leaked CNMI transition report finds former finance secretary turned off budget control allowing deficit spending

The committee discovered that whereas the monetary administration system for the federal government was outfitted with a budget control to forestall overspending, “at the instruction of the former Secretary of Finance, the controls were turned off to allow overrides to budget limitations, causing uncontrolled expenditures.” They say it allowed for unauthorized deficit spending throughout all departments and businesses. 

Leave a Comment