Puerto Rico Says Continued Operations Dependent on Loan

Cataldo, Adam L.
April 2006
Bond Buyer;4/27/2006, Vol. 356 Issue 32369, p36
Trade Publication
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.


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