How vibrant Hawaii’s fiscal health is depends on who you ask.

Gov. Neil Abercrombie maintains the government is on strong financial footing, but fiscal watchdogs say because Hawaii’s unfunded liabilities are in the billions of dollars, the governor’s claims are grossly inaccurate.

The governor, now in his fourth year and up for re-election, credits himself and his administration with a $1.1 billion turnaround in the past three years that generated an $844 million dollar surplus.

He points to Hawaii’s Comprehensive Annual Financial Report for the fiscal year ending June 30, 2013, that “shows Hawaii’s asset growth has outpaced liability growth for the first time in seven years,” with the state’s “assets less liabilities” for primary activities, increasing for the first time since 2006 by $307.1 million, from $4.5 billion to $4.8 billion.