Espacios Abiertos questions lack of transparency and data supporting the board's updated forecast for a deficit by 2027. #NewsismyBusiness
The oversight panel says it ensures fiscal responsibility and sustainable economic growth, while reforming education and the tax system. #NewsismyBusiness
The full analysis is contained in the think-tank's monthly publication, the "CNE Review."
The Financial Oversight and Management Board for Puerto Rico today presented the 2020 Fiscal Plan for the Commonwealth of Puerto Rico for certification, which calls for, among other actions, a one-year delay in most government rightsizing activity to allow it to focus on structural reforms and efficiency measures. The document will be up for the […]
The clash between Gov. Ricardo Rosselló’s administration and the Financial Oversight and Management Board for Puerto Rico over the implementation of the federally appointed entity’s Fiscal plan could unleash a protracted court fight and generate uncertainty about flow of federal aid to the island.
A decision by San Juan Superior Court Judge Anthony Cuevas pushed nonprofit organization Espacios Abiertos closer to gaining access to the debt sustainability analysis the Puerto Rico government used to draft the Fiscal Plan.
Puerto Rico Gov. Ricardo Rosselló confirmed he will hand over a new revised Fiscal Plan to the Financial Oversight and Management Board on Thursday that will exclude the layoffs of public employees, a labor reform and a reduction in pensions.
How many times can someone say the word “plan" in 30 seconds? At least eight.
The recent Fiscal Plan presented by the government of Puerto Rico proposes the deregulation of professions with the supposed intent of facilitating the entry into the labor market.
The most recent version of Puerto Rico’s fiscal plan for its central government would chart the future of the island, giving some degree of certainty to citizens, businesses and investors to bet on Puerto Rico’s dismal economy.
A group of creditors, which collectively holds a substantial portion of Puerto Rico's outstanding $73 billion public debt, responded to the Commonwealth’s most recent version of its Fiscal and Economic Growth Plan, saying “a pragmatic, transparent and growth-focused policy agenda is critical to the island's recovery.”
The Financial Oversight and Management Board for Puerto has asked the Puerto Rico government to revise the proposed fiscal plans for the Commonwealth, the Puerto Rico Electric Power Authority and the Puerto Rico Aqueduct and Sewer Authority, as per letters sent Monday.
Reactions from the public and private sector poured in Thursday on the Revised Fiscal Plans for the government of Puerto Rico, the Puerto Rico Electric Power Authority and the Puerto Rico Aqueduct and Sewer Authority presented to the Financial Oversight and Management Board for Puerto Rico for certification.
The Commonwealth of Puerto Rico's second delay in submitting its revised fiscal plan to the Financial Oversight and Management Board for Puerto Rico "underscores the growing economic uncertainties it faces as it continues to recover from Hurricane María," Moody's Investors Service noted in a new report.
The Financial Oversight and Management Board for Puerto Rico on Friday approved and certified the fiscal plans of four covered territorial agencies: the Government Development Bank; Puerto Rico Highways and Transportation Authority; Puerto Rico Aqueduct and Sewer Authority; and Puerto Rico Electric Power Authority, with amendments.
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