Puerto Rico Treasury says it has bridged deficit by 75%
August 20, 2013
The Treasury Department has closed the gap between Puerto Rico’s actual General Fund income and the income estimated by the previous administration by 75 percent, agency chief and government CFO, Melba Acosta-Febo said Monday.
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Banking, Insurance commissioners defend budget requests
May 21, 2013
The Puerto Rico Financial Institutions and Insurance commissioners defended their respective budgets during a hearing before the Senate Finance Committee Monday, when they requested $15.2 million and $10.8 million, to run their respective agencies.
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Moody’s: Puerto Rico’s pension reform, IVU changes ‘credit positive’
May 16, 2013
Credit ratings agency Moody’s Investor Service issued a report Wednesday saying that Commonwealth employee retirement system (ERS, for short) reform and the projected changes to the sales and use tax system are both positives for ...
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