FSMIS (May 14, 2014): Two days after the opening of the
Fourth Regular Session of the 18th Congress of the Federated States of
Micronesia, the Congressional Special Committee (Committee to Wait of the
President) met with President Manny Mori this morning at the President's
Conference Room.
The Committee consisted of Senator Joseph J. Urusemal,
Senator Yosiwo P. George and Senator David W. Panuelo, who said he was a last
minute appointment. Senator Panuelo, who chaired the Committee, took the place of
Senator Peter M. Christian. Senator Wesley W. Simina, also appointed to the
Committee, did not attend the meeting.
President Mori welcomed the Committee and assured the Members
that the Executive Branch is ready to work with Congress to achieve a
productive session. He asked that Congress expedite action on the FY15
recommended budget during this session and not delay budget review portions to
the September session, as previously happened for FY13 and FY14 budget review
processes.
President Mori specifically asked that Congress evaluate
carefully the proposed 2023 Investment Fund as included in the FY15 budget
request submitted last month. The President is proposing a $15 million set
aside into the fund out of local revenue to assist with economic development
projects that must undergo "due diligence" process. He informed the
Committee that a framework for the mechanics of the investment fund, which is
tasked to the Office of SBOC and the
Chief of Staff, will be provided to Congress once completed. The President
said that about $10 million to $15 million should be invested in the fund every
year leading to 2023 to demonstrate seriousness in facilitated economic growth
and build investors' confidence in investing in the FSM economy.
The President also pointed to the requested $5 million, also
from local revenue, to go toward the FSM Trust Fund.
President Mori also indicated that inclusive in the FY15
budget request is a $1.4 million Congressional public project allocation. The
President feels that the inclusion of such allocation in the budget request
will give Members time to involve stakeholders and conduct more careful
planning for specific economic and social development
projects, as compared to previous practices.
Among other items discussed, President Mori also asked
Congress to consider his request to give a State of the Nation Address to
Congress, and the Nation, preferably on May 27. He also informed the Committee
that the State and National Leadership Conference has been scheduled for May
22nd and 23rd, for which he looks forward to Congress' vital participation.
Chairman Panuelo thanked the President and Vice President for
the opportunity to discuss priorities for the ensuing session. Together, the
Senators sought clarifications on a number of issues including World Bank
grants for FSM, updates on the status of the newly endorsed Overseas Development
Assistance Policy, and whether or not Congress should expect a revised budget
request as a result of the "zeroing out" of National Government's
share of Compact Sector grants, which happened after the FY15 budget had been
transmitted to Congress.
The Committee also brought to attention a concern raised by
certain Members involving the slow processing of public project funds that,
they alleged, have caused project delays and changes.
The Senators also expressed concern that required reporting
by funds allotees has not been upheld.
The President instructed the Secretary of Finance to look
into the matter and provide fund status and expenditure reports to allotees to
be in compliance with required reporting to Congress.
Finally, the Leaders took some time to discuss the current
passport printing hold-up situation. The Secretary of Justice reported that the
Department will receive passport booklet supplies by tomorrow and that around
seven thousand booklets will be available by next week. She said the office is positioned to work on the back-log of passport requests the next five days and maintain operation thereafter.
For further information, email fsmpio@mail.fm.