NMI Customs revenues increase by 25%

CAPITOL HILL, Saipan — Customs collections in the Northern Mariana Islands continue to increase with ongoing efforts for fiscal 2016 amounting to $43.3 million, or an increase of 24.9% from $32.5 million in fiscal 2015, according to a Nov. 29 release from the NMI governor’s office. This shows an increase of $10.7 million, which offsets drops in other revenue categories within the government, according to the Department of Finance Secretary Larrisa Larson. The increase is largely due to increased imports, interceptions and revaluations of undeclared and undervalued taxable commodities as well as increased collection on accounts . . .

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