NMI government liabilities over $299M

THE cash-strapped CNMI governments total liabilities as of end-Sept. 2008 was close to $300 million but the value of its assets was only 21 percent of that amount.

The government more than doubled its accumulated deficit within a span of five years, or between 2004 and 2008, according to the findings of the Office of the Public Auditors latest audit reports.

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