In the government of Puerto Rico, we believe in coordination, rather than confrontation, with the Financial Oversight and Management Board (FOMB) to bring their mission to conclusion as soon as possible. In the case of the Puerto Rico Aqueduct and Sewer Authority (PRASA), the Administration of Gov. Pedro Pierluisi is convinced that PRASA’s successes should […]
The University of Puerto Rico’s Fiscal Plan “unilaterally changes a significant part of our social contract, redistributing the risk and responsibility of providing higher education outside the state and toward the individual and the private sector,” said Sergio Marxuach, policy director at the Center for a New Economy. “The modern social contract in developed societies […]
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 […]
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