Office of Management and Budget: North Dakota is in strong financial position

Courtesy of: Office of Management and Budget
Courtesy of: Office of Management and Budget

(Bismarck, ND) --  The Office of Management and Budget (OMB) released its Annual Comprehensive Financial Report (ACFR), and is showing the state is in "a strong financial position."

“The ACFR provides citizens, legislators and bond rating agencies a comprehensive look at the fiscal activity for all of state government for the past fiscal year,” said Office of Management and Budget Director Joe Morrissette. “The 2021 ACFR shows North Dakota has weathered the pandemic in a strong financial position, with significant growth in Net Position and a record high General Fund balance.”

The data comes from all fiscal activity North Dakota's government has taken in the past year. The ACFR shows data collected from all North Dakota agencies and institutions of state government. 

The ACFR also dives into several categories of interest; including prominent local economy features, long-term financial planning, financial policies, incentives prioritized by Governor Burgum, infrastructure investments, education funding, and more.

The ACFR is required to be done every year under North Dakota Century Code. You can read the full 2021 Annual Comprehensive Financial Report here