Puerto Rico Gov. Alejandro García-Padilla presented Thursday a consolidated budget of $29 billion and an operating budget of $9.83 billion for fiscal 2014, representing a $750 million increase when compared to the current budget, which he said will be covered with new revenue.
Thousands of last-minute taxpayers are expected to file their returns in Puerto Rico today, and the Treasury Department is responding by offering extended hours at 21 collections centers, and its headquarters in Puerta de Tierra, agency Secretary Melba Acosta said Monday.
The Puerto Rican government’s economic team is in Washington D.C. this week to “disclose and advance plans to stabilize the government's finances and revive the island’s economy,” the Treasury Department said Monday.
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