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Puerto Rico Governor Releases New Fiscal Plan


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Puerto Rico Governor Releases New Fiscal Plan

Jubilee USA Network

WASHINGTON - Puerto Rico's Governor Ricardo Rosselló released a new fiscal plan that seeks to balance the island's budget by 2019. Last summer the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA) became law. PROMESA requires the island's government to submit a fiscal plan to an economic oversight board for approval. The Rosselló plan aims to reduce the government's operating deficit through budget cuts and increased revenue collection.

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