September 20, 2023

PALIKIR, POHNPEI. September 20, 2023.To cushion the Nation against the economic impacts of the new Constitutional Amendments, the Twenty Third Congress of the Federated States of Micronesia has passed measures to re-adjust the national tax structure. On September 20, the Congresspassed Congressional Act (CA) 23-20, which called to change the percentage of revenue sharing between […]

PALIKIR, POHNPEI. September 20, 2023– After nine years of allocating its share of amended Compact funding to the states, the Twenty Third Congress, today passed Congressional Act 23-19 to re-establish the National Government’s share through modification of the distribution formula for the 2023 Amended Compact funding. In anticipation of the new Constitutional Amendments and in preparation for