Certified Public Accountant Joey Christopher Cancel-Planas has been named the Economic Development Bank’s new president, taking office nearly six months into Gov. Alejandro García-Padilla’s term. His appointment was announced Monday by EDB Board Chairman Javier Ferrer, who is president of the Government Development Bank.
Government Development Bank President Javier Ferrer announced Monday the start of the 11th José M. Berrocal Finance and Economy Institute internship program, with the participation of 30 college students attending Puerto Rico and stateside universities.
Treasury Secretary Melba Acosta said Thursday that revenue collections so far this year — July 2012 through April 2013 — totaled $6.8 billion, or $321 million less than originally included in the general budget. The projection of a deficit through June 30, including certain transactions that will close before then, is $295 million, or 69 percent less than the original $965 million projected deficit, one of the components of the $2.2 billion structural deficit.
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