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2012 Budget of the Government of Puerto Rico. The Budget of the Government of Puerto Rico (Spanish: Presupuesto del Gobierno de Puerto Rico) is the proposal by the Governor of Puerto Rico to the Legislative Assembly which recommends funding levels for the next fiscal year, beginning on July 1 and ending on June 30 of the following year.
Puerto Rico’s governor said Tuesday that the U.S. territory’s budget for the upcoming fiscal year will be the largest in history at $14 billion, with new funds meant to help the island’s ...
In the spring of 2024, FOMB sent two letters to the Governor of Puerto Rico and the legislature threatening to overturn a solar net energy metering law, known as Act 10. [ 17 ] [ 18 ] Act 10 was unanimously passed by the legislature in 2023, and signed into law by Governor Pierluisi in January 2024, and it extended net energy metering for new ...
Puerto Rico's central government, which includes all three branches of government but excludes public corporations and municipalities, has an annual general budget that currently ranges from $8.5 billion to $9 billion in revenues and expenditures. [12]
A federal control board that oversees Puerto Rico’s finances approved a revised fiscal plan on Wednesday that temporarily suspends all budget cuts and anticipates the island’s projected ...
The new budget was previously approved by Puerto Rico’s legislature and gove. A federal control board that oversees Puerto Rico’s finances on Friday approved a $12.7 billion general fund ...
The Office was formerly known as the "Bureau of the Budget", was created by Law 213 of May 12, 1942, during the administration of Governor Rexford Guy Tugwell, who was part of the brain trust of U.S. President Franklin D. Roosevelt, and who was appointed as the last non-native Puerto Rican governor by Roosevelt.
The Puerto Rican government-debt crisis was a financial crisis affecting the government of Puerto Rico. [a] The crisis began in 2014 when three major credit agencies downgraded several bond issues by Puerto Rico to "junk status" after the government was unable to demonstrate that it could pay its debt. The downgrades, in turn, prevented the ...