Puerto Rico Gov. Offers Debt Plan

Cataldo, Adam L.
January 2006
Bond Buyer;1/31/2006, Vol. 355 Issue 32309, p1
Trade Publication
The article reports on the plan of Puerto Rico Governor Anibal Acevedo Vila to eliminate its budget deficit, stop the use of debt to balance the budget and tie any increases in spending with economic growth as part of a fiscal reform plan. The plan includes the identification of a source of revenue for all programs and spending measures. It will establish a reform committee to assist the Department of Education which has spent over its budget for 2006. The plan, however, needs approval from both houses of the opposition-controlled legislature.


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