Puerto Rico fiscal board faces scrutiny over revised deficit projections
April 13, 2023
Espacios Abiertos questions lack of transparency and data supporting the board's updated forecast for a deficit by 2027. #NewsismyBusiness
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Fiscal board certifies Puerto Rico’s 2023 fiscal plan
April 6, 2023
The oversight panel says it ensures fiscal responsibility and sustainable economic growth, while reforming education and the tax system. #NewsismyBusiness
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CNE: Fiscal Plan structural reforms won’t generate growth Puerto Rico needs
February 24, 2022
The full analysis is contained in the think-tank's monthly publication, the "CNE Review."
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Oversight Board’s ’20 Fiscal Plan proposes 1-yr. pause on gov’t rightsizing
May 27, 2020
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 […]
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OFG CEO: Gov’t, OBoard clash over Fiscal Plan could choke federal fund flow
April 23, 2018
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.
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Nonprofit Espacios Abiertos closer to accessing Fiscal Plan data
April 4, 2018
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.
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Rosselló buckles down against gov’t austerity, will turn in revised Fiscal Plan
April 2, 2018
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.
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Gov’t fiscal plans for P.R. ‘pretty much alike’ under different party administrations
March 1, 2018
How many times can someone say the word “plan" in 30 seconds? At least eight.
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Op-Ed: The danger of the deregulation of professions
February 27, 2018
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.
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Fiscal Plan for P.R. built on ‘fantasy’ economic projections
February 20, 2018
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.
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P.R.’s creditors unite to call for ‘credible, pro-growth’ Fiscal Plan
February 15, 2018
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.”
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OBoard rejects gov’t fiscal plan, requests changes by Feb. 12
February 6, 2018
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.
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Assured Guaranty: P.R.’s Revised Fiscal Plans ‘fiscally irresponsible’
January 26, 2018
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.
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Moody’s: Delay in P.R.’s fiscal plan underscores growing economic uncertainties
January 13, 2018
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.
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Oversight Board certifies fiscal plans for 4 P.R. agencies
May 1, 2017
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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