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ASG reduces spending by $1.2 million
last month |
According to the Treasury's Monthly Financial Overview Report, the American Samoa Government spent $1,208,454 less in local funds last month compared to the same time last year. |
The American Samoa Government spent approximately $1,208,454 less in local funds last month compared to the same time last year.
This is according to the Treasury's Monthly Financial Overview Report which was submitted to Governor Togiola Tulafono from ASG Treasurer Velega Savali earlier this month.
Last October, the ASG spent a total of $8,351,354 but that figure dropped to $7,142,900 last month.
The savings can be credited to certain ASG departments, agencies, and funding sources that controlled spending and cut down on expenses like the Govenor's Office which went from spending $354,685 last October to $297,954 last month.
Other departments that followed suit include the Department of Commerce, which cut their spending by more than half (from $29,755 to only $11,902), Department of Marine and Wildlife Resources (from $44,583 to $36,611), Department of Administrative Services (from $130,160 to $73,319), the Arts Council (from $1,894 to $0), Election Office (from $48,111 to @25,135), and the Budget Office which went from spending $60,760 to $59,707.
But the largest savings came from funds transfers which dropped from a whopping $2,476,415 last October to only $349,728 last month.
According to Velega, the American Samoa Government should expect to collect more in revenues later this year as the territory approaches the busy holiday season.
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