Gov, Lou Leon Guerrero and Lt. Gov, Josh Tenorio today unveiled the administration's spending plan for the $570 million in federal stimulus grant received by Guam through the American Rescue Plan funding.
The spending plan, according to the governor, has two key components.
"First, we need to make smart choices about where to spend this money and how to combine it with other funding sources to maximize its effectiveness," she said, "and second, we need to make smart investments that take into account the stability of our island’s growth, so that our community can truly move forward together."
The spending includes funding for social programs and investment in local economy.
"No one can predict the future, but with thoughtful planning and careful choices, we can build a Guam that is more resilient and better suited to meet future tests with increased capability," the governor said.
Leon Guerrero presented details of "Investment Para Hamyo" which she said seeks to mobilize all of Guam's financial resources "for broader investment in you, and in our economic growth, tourism, health care, education, our public services, public safety, infrastructure and our environment."