SECTION FINANCE OF THE TERRITORY tion, a PUBLIC FINANCE The costs of Trust Territory opera- Rions are met by funds granted by the Congress of the United States and Rrom local reimbursable communications, water and power resources. Chapter f revenue RO Ge CHONS. [rust Territory appropriation requests are subject to appropriation ceding legislation the U.S. Congress has enacted. Fol 1962, a major shift in the direc- Alion and scope of the Administering PAuthority’s commitment in Micronesia Flea te mcreased appropriations from Bthe U.S. Congress to facilitate a more Etapid pace of development. Accordinvly. the previous ceiling of $7.5 Million was raised to $17.5 million. An accelerated program for emergency Fconstiuction and staffing of school f facilities was set in motion along with : Ctloits to improve health standards Band provide a general upgrading and F mtiestated development of essential Publi services embracing transporta- Despite the impetus this program has created during the past 6 years, effective and realistic development required further increases in the ceiling to meet the needs of the people of Micronesia. In 1967, new ceiling legislation authorizing $25 million for 1967, and $35 million for 1968 and 1969, was signed into law. Preparation of the annual Trust Territory Government budget begins well over a year in advance when district administrators and various department heads submit estimates to the Director of Budget and Finance. After screening and necessary modif!cation, review including appropriate Commissioners, by the these estimates are presented to the High Commissioner. The Budget Officer and his staff, using the final recommendations approved by the High Commissioner, then draw up a preliminary budget plan for the comingfiscal year. In July this preliminary budget plan is presented to the Congress of Micronesia for its review and recommendations with respect to such portions as relate to funds to be appropriated by 37 Fiscal Year 1968 ™;