TITLE

Puerto Rico Says Continued Operations Dependent on Loan

AUTHOR(S)
Cataldo, Adam L.
PUB. DATE
April 2006
SOURCE
Bond Buyer;4/27/2006, Vol. 356 Issue 32369, p36
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses on the capability of Puerto Rico's government to maintain its current operation. Governor Anibal Acevedo Vila said that a cut on less important government operations is needed to help the situation. The government experienced a budget deficit of 1.2 billion dollars, and needed 738 million dollars to carry out its operation until end of fiscal year on June 30. The Senate had approved a 531.5 million dollars loan to partially cover up the deficit.
ACCESSION #
20652130

 

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