PRESIDENT NENA APPROVES NEW FSM BUDGET

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PALIKIR, Federated States of Micronesia (July 24, 1997 - PIDP/CPIS)---The 1998 operating budget for the Federated States of Micronesia, totaling just over $29.4 million dollars, has been signed into law by President Jacob Nena.

The funding will permit the operation of the FSM government's executive, legislative, and judicial branches and various other agencies during the October 1, 1997 through September 30, 1998 period.

Included in the budget is $2.5 million for the College of Micronesia-FSM.

The President line-item vetoed some budget items approved by Congress, including an appropriation of $20,000 for a boat to be used by the FSM Probation Officer. President Nena said the language used in the legislation made it appear that the boat would be the Probation Officer's private vessel, rather than government property.

 

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