Puerto Rico financial crises is a wake-up call for territory (American Samoa), says Utu
American Samoa Power Authority CEO, Utu Abe Malae told government leaders during a cabinet meeting last week, that he doesn’t want American Samoa to face the same financial problems Puerto Rico and the US Virgin Islands are facing right now.
And to make sure the territory doesn't duplicate those problems, Utu recommends that ASG give our youth the chance to be educated in the fields of financial management and accounting, so they become fully equipped with the right knowledge and skills that are needed to manage and control government revenues in the future.
Utu said managing and controlling government finances are the main reasons why the two aforementioned US territories find themselves in trouble and he doesn’t want these problems to be repeated in American Samoa.
“In order for American Samoa to be successful financially, the government needs to educate our youth in financial management and accounting skills. These are very essential skills that our government needs to have, so it can grow strong financially,” Utu said.
Read more: http://www.samoanews.com/local-news/puerto-rico-financial-crises-wake-call-territory-says-utu