CNE: Gov’t will have 90 days to lay out fiscal plans
December 5, 2012
Come January, when the new administration headed by Gov.-elect Alejandro García-Padilla takes over the reins of the government, it will have 90 days or so to present stateside credit agencies a “viable and concrete” plan outlining its strategy to tackle Puerto Rico’s fiscal problems, executives from the Center for the New Economy said Tuesday.
chat_bubble0 Comment
visibility3273 Views
Op-Ed: GDB’s response to CNE’s ‘open letter’
October 18, 2012
The Government Development Bank for Puerto Rico is proud of its long tradition of professional management, transparent corporate governance and utmost respect toward the investor community and the people at large.
chat_bubble0 Comment
visibility3062 Views
Op-Ed: CNE’s open letter to Puerto Rico’s GDB
October 17, 2012
The lack of seriousness and responsibility reflected by the comments made by the president of the Government Development Bank of Puerto Rico are truly disturbing.
chat_bubble3 Comments
visibility3905 Views
CNE: P.R.’s fiscal situation stable but ‘quite fragile’
June 13, 2012
Puerto Rico’s public finances have stabilized but are still weak, its indebtedness levels and rates are unsustainable, its fiscal viability over the medium term is uncertain, and its economic outlook remains quite modest, said the Center for the New Economy’s Policy Director Sergio Marxuach during an analysis of the administration’s current and future budgetary activity.
chat_bubble0 Comment
visibility2880 Views
CNE: Rewiring Prepa doesn’t require ‘reiventing the wheel’
May 24, 2012
The surprising paralysis of the certification of the representatives of the public interest in the Puerto Rico Electric Power Authority’s governing body is the most recent example of an arbitrary system that has taken power with impunity and that self-reproduces at the expense of the best interests of the people.
chat_bubble0 Comment
visibility3503 Views
Social imbalance stumping P.R.’s growth, future
February 20, 2012
A society that allocates more resources to the upper echelons at the expense of a middle class perpetuates a centuries-old problem that only leads to a reduction in the demand for goods and services, resulting in a crippled economy.
chat_bubble1 Comment
visibility5634 Views
CNE: PREPA’s new residential rate raises many questions
November 30, 2011
The Puerto Rico Electric Power Authority’s new residential rate that goes into effect today for the island’s residential customers is a temporary subsidy that does not imply efficiency improvements at the agency, the Center for the New Economy concluded Wednesday.
chat_bubble0 Comment
visibility10914 Views
CNE: Section 933A proposal not ‘silver bullet’ for long-term stability; Pierluisi lobbies in Congress
October 7, 2011
Basing the future of Puerto Rico’s economy on an uncontrollable factor, such as an amendment of the U.S. tax code, is not the safest route to take to achieve growth and is not the “silver bullet” the island needs to secure long-term stability, Sergio Marxuach, public policy director of the Center for the New Economy, said Thursday.
chat_bubble1 Comment
visibility12617 Views
CNE: Debt ceiling deal harmful to fiscal health
August 3, 2011
The approved plan to increase the United State’s debt ceiling will not solve the country’s fiscal problem, and could actually worsen it by reducing economic activity on the short- and mid-term, Sergio Marxuach, policy director for the Center for the New Economy said Tuesday.
chat_bubble0 Comment
visibility2796 Views
CNE: Treasury’s revenue collections estimates no sign of economic improvement
July 15, 2011
The Treasury Department’s preliminary year-end General Fund report released Wednesday showing an uptick in revenue collections may not necessarily be a sign of real economic improvement, the Center for the New Economy said Thursday upon analyzing the results.
chat_bubble0 Comment
visibility9195 Views
CNE: Fortuño administration controls spending, not runaway debt
June 8, 2011
Although the government has managed to successfully contain public spending since 2008, the island’s indebtedness rate has soared at a faster pace than its Gross National Product during the last three years, currently reaching a 50-year high.
chat_bubble1 Comment
visibility3561 Views
CNE’s Marxuach: Solving retirement system debacle will require tolerance, commitment
May 18, 2011
The task of repairing Puerto Rico’s retirement systems debacle, which credit rating agencies have warned could affect the island’s credit rating, will require “tolerance, capacity for frank dialogue, a commitment to negotiate in good faith and willingness to make and honor concessions by retirees, current government employees and the general public.”
chat_bubble0 Comment
visibility13385 Views
PRMA expresses opposition to Law 154; CNE weighs in
January 14, 2011
Nearly 15 days after Law 154 — imposing an excise tax on sales by local subsidiaries to their foreign parent companies — went into effect, members of the Puerto Rico Manufacturers Association got a chance Friday state for the Legislative record their opposition to the measure.
chat_bubble0 Comment
visibility2863 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA