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 […]
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