More than 64% of General Fund allocated to education, health care, public safety and pensions. #NewsismyBusiness
Which strategies can you implement now to reduce financial pressure during the holidays? #NewsismyBusiness #advertorial
Credit card debt and inflation are pushing more people in the U.S. and Puerto Rico into financial stress. #NewsismyBusiness
A robust structure not only allows you to maximize available funds but also ensures compliance with due processes. #NewsismyBusiness
Several findings from the audited financial statements of the Government of Puerto Rico were discussed at the meeting organized by the Legislative Assembly’s Budget Office. #NewsismyBusiness
The economic stress caused by the chain of price hikes is aggravated daily.
The Financial Oversight and Management Board for Puerto Rico announced the certification of the first compliant general fund budget submitted by the government of Puerto Rico, a key element of the consolidated Fiscal 22 budget. Gov. Pedro Pierluisi signed the $10.1 billion General Fund budget adopted and submitted by the Puerto Rico Legislature. The Oversight […]
The Financial Oversight and Management Board for Puerto Rico has spent five years cutting essential services, while staying away from the “deep pocket” of tax incentives that represent 67.7% of the total expenses related to the commonwealth’s General Fund, even though whether they produce some economic or social benefit is unknown, according to an analysis […]
The head of the Puerto Rico Farm Bureau raised a red flag over the adjustments and cutbacks of more than $58 million to Agriculture Department programs included in the Fiscal 2022 budget, which “put major farmer aid programs at risk.” Bureau President Héctor I. Cordero-Toledo said information provided by the Administration for the Development of […]
Puerto Rico Gov. Wanda Vázquez announced a proposed $10.2 billion budget for the Commonwealth’s General Fund for Fiscal Year 2021. In her State of the Commonwealth and Budget address, she also proposed a consolidated budget of $28.2 billion that includes funds generated by a number of public agencies for the fiscal year that begins July […]
Gov. Ricardo Rosselló will present a $9.6 billion budget for Fiscal 2020 to the Legislature that defies the Financial Oversight and Management Board for Puerto Rico’s proposal, which is $500 million lower. During his Budget Address delivered in Ponce, Rosselló said the budget is “based on a new methodology, in which results can be measured […]
The ongoing fiscal crisis is just the last straw on a long process of deterioration as debt restructuring stands now to override — for some time —any other consideration.
Journalists, editors, photographers, and students who work at “Diálogo,” the University of Puerto Rico’s official news outlet blasted the decision announced by UPR Interim President, Darrel Hillman, to push for “a new organization model” for the publication.
A budget review published by the Institute for Energy Economics and Financial Analysis of the approved fiscal-recovery blueprint for the Puerto Rico Electric Power Authority (PREPA) concludes that the plan faces billions in financial risks that will hinder the transformation of the grid.
Puerto Rico Gov. Ricardo Rosselló and Resident Commissioner Jenniffer González announced an allocation of $16 billion in federal funds for the recovery of the island after Hurricane María.
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