The American Samoa Government’s General Fund revenue collections for the second quarter of fiscal year 2025 have fallen significantly short of budget expectations.
Data for the period ending March 31 shows that actual collections stood at $68.8 million—about $14.1 million below the year-to-date projection. The gap marks the second consecutive year that the General Fund has missed its midyear revenue target.
In fiscal year 2024, the shortfall was approximately $4.2 million.
By contrast, fiscal year 2023 saw stronger performance, with midyear collections reaching $74.1 million—roughly $15.7 million over budget at the time.
The change in trajectory from surplus to deficit has developed over three years, as several of the government’s primary revenue streams have either flattened or declined.
Among the revenue sources that missed their FY2025 targets, the most significant was the General Excise Tax. This category, which typically provides a large share of General Fund revenue, brought in $10.8 million by the end of the second quarter—falling $5.0 million below budget.
Individual Income Tax collections, which peaked in FY2024 at $26.1 million, decreased to $22.1 million in FY2025. This year’s midyear figure is $2.6 million below budget.
The decrease coincides with reductions in government payroll, overtime, and federally supported temporary hiring programs, which had previously boosted withholding taxes.
Corporate Income Tax revenue in FY2025 came in at $17.1 million. While this represents a recovery from FY2024’s $11.1 million, it remains $2.0 million below the FY2025 projection. The rebound suggests that some business sectors have regained footing, but not at the level anticipated in the original budget plan.
In addition to tax undercollections, several non-tax revenue sources are also underperforming. Fees and fines collected through the second quarter totaled $2.67 million—down from $3.2 million in FY2023 and $3.01 million in FY2024.
The current year’s amount is $281,000 below the midyear budget.
Port Administration Charges—collected from import activity and shipping services—generated $1.83 million through March. This represents a modest increase over the FY2024 midyear figure of $1.67 million but still comes in $196,000 short of the FY2025 projection.
Military Cover Over payments, which represent a federal transfer related to military spending, have remained modest. In FY2023, the category produced $332,000—slightly above its projection. No collections were recorded in FY2024. In FY2025, it rebounded to $307,000, nearly matching expectations.
One of the most notable trends over the three-year period is the decline in Transfers In—internal reprogrammed funds or general support from other accounts. Transfers reached $12.4 million by the second quarter of FY2023 but declined to $7.5 million in FY2024 and further to $5.4 million in FY2025.
This year’s figure is $1.4 million below budget and marks the lowest midyear amount over the three-year span.
