GAO finds $1.9B Puerto Rico surplus, warns of unresolved PREPA debt
July 1, 2025
While Puerto Rico strengthens its financial position, pending electric utility restructuring and population loss remain key threats to long-term stability. #NewsismyBusiness
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Puerto Rico’s reconstruction shows progress, says COR3 director
February 15, 2024
Amid GAO report recommendations, efforts to overcome construction challenges continue, Laboy assured. #NewsismyBusiness
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GAO: Progress made on Puerto Rico disaster recovery, but challenges remain
February 14, 2024
The report also confirms that certain permanent recovery work projects face challenges due to increased costs. #NewsismyBusiness
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GAO: FCC helped Puerto Rico after Hurricane María, but needs to clarify disaster response role
June 2, 2021
The US Government Accountability Office released a report in which it concluded that the Federal Communications Commission (FCC) did its part in the restoration work after Hurricane María hit Puerto Rico in 2017, but it must clearly define its disaster response role moving forward. The FCC’s part included gathering network outage information and creating a […]
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Puerto Rico Air Cargo Committee asks federal gov’t for help on air cargo hub
March 22, 2021
The members of the Puerto Rico Air Cargo Committee recently asked the US Government Accountability Office for support of the island’s bid to promote the development of the two-year air cargo transshipment exemption granted by the US Department of Transportation. The federal agency granted a waiver to allow foreign air carriers to provide certain expanded […]
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GAO: Puerto Rico spent most of its ’18 Medicaid budget on contractors
February 8, 2021
The U.S. Government Accountability Office (U.S. GAO) released a report urging the Centers for Medicare & Medicaid Services (CMS) to crack down on Puerto Rico’s procurement process, as in 2018 the Commonwealth paid contractors almost all of its Medicaid spending, or 97% of its $2.5 billion budget. The GAO’s recommendation of a “risk-based oversight approach” […]
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GAO report confirms FEMA’s slow response to P.R.’s recovery funding needs
March 15, 2019
A report released Thursday by the U.S. Government Accountability Office confirmed that of the $132 billion that Puerto Rico government officials estimated are needed to rebuild after the 2017 hurricanes, it has only received $4 billion. The Federal Emergency Management Agency —the lead federal agency responsible for assisting Puerto Rico as it recovers — has […]
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GAO report: Unreliable economic, limited labor data make P.R.’s situation difficult to assess
October 1, 2018
The U.S. General Accountability Office issued a report recommending that several U.S. agencies work to include Puerto Rico in more federal economic and labor data reporting, to make it easier to assess the commonwealth’s true problems.
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Op-Ed: The Jones Act
July 1, 2013
We knew that the recently completed study on Puerto Rico’s maritime cargo would be controversial because cabotage issues, part of the study, have been discussed for decades and have become an emotional and politically charged subject.
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CofC reacts to GAO report on Jones Act
March 26, 2013
The U.S. International Trade Commission should conduct a study similar to what the U.S. Government Accountability Office released last week when implementing a free trade agreement “to confirm the impact of the treaty on the economy, companies and consumers of the countries that sign the treaty to supplement the lack of data referenced by the GAO study itself,” the head of the Puerto Rico Chamber of Commerce (CofC) said Monday.
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GAO releases Jones Act impact study; Pierluisi to file bills
March 21, 2013
The U.S. General Accounting Office released Wednesday a lengthy report assessing the impact of the Jones Act on Puerto Rico’s economy, saying, among other things, that the effects modifying the application of mandate “are highly uncertain, and various trade-offs could materialize depending on how the Act is modified.”
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Farmers ask GAO to lift Jones Act provisos citing increased production costs
April 27, 2012
Members of the Puerto Rico Farm Bureau, which represents a cross-section of the island’s agriculture sector, met with members of the U.S. Government Accountability Office in Hato Rey Thursday to lay out the reasons why the island should be exempt from Jones Act provisos.
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GAO to Pierluisi: Jones Act impact study underway
April 17, 2012
The U.S. Government Accountability Office is “actively working” on Resident Commissioner Pedro Pierluisi’s request to determine the economic impact that the cabotage laws have on Puerto Rico, his office said Monday.
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