Ingrid Vila Biaggi, chief of staff to Puerto Rico Governor Alejandro García-Padilla, announced today that a balanced budget for the 2014-2015 fiscal year will be introduced in the coming weeks.
Driven by a drop in payroll and the implementation of a fiscal improvement program at the Education Department, the Office of Management and Budget said Wednesday that Puerto Rico’s expenses so far this fiscal year are under budget and reflect a 6 percent year-over-year decline.
The Puerto Rico Bankers Association recently launched the third edition of its holiday season educational campaign “This Christmas Season: Enjoy. Share. Save” campaign, through which it seeks to provide consumer advice on how to maximize financial resources during the holiday shopping season, while helping them avoid an excessive level of debt.
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