Duties of Office

The Office of Finance and Budget shall:

(a)develop and adopt a model for Guam’s existing and projected economy that simulates the effect of revenue raising, the effect of any proposed benefits to said economy, optional revenue generation and the utility thereof;

(b)compile and provide to I Liheslaturan Guåhan, I Maga’lahi and the public forecasts of revenue that do not consider new or increased taxes, fees or other revenue enhancements authorized by an Annual or Supplemental Operating Budget Bill, but that do consider current and prior year expenditures, surpluses and deficits;

(c)assess the impact of federal expenditures on Guam; and

(d)perform such other duties as are assigned to it by the Standing Rules of I Liheslaturan Guåhan or the Chairperson of the Committee on Ways and Means or the equivalent committee.