TITLE

Puerto Rico Governor: Pact in Sight

AUTHOR(S)
Catasldo, Adam L.
PUB. DATE
May 2006
SOURCE
Bond Buyer;5/18/2006, Vol. 356 Issue 32384, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the optimism of Puerto Rico Governor Acevedo Vila that he will sign both the tax reform and spending measures in the next six weeks. The governor hopes that the agreement would help solve the financial problems faced by the government. The tax reform scheme aims to create new revenues amounting to 300 to 400 million dollars from sales tax. The additional source of funds would be used to pay debts and refinance the loans from the Government Development Bank.
ACCESSION #
20944837

 

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