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Although he Federal Department of Energy (DOE) has held talks with the 10 private developers of the first round of large-scale solar projects, with a view to offering them financing for the construction of the works, the head of the Loan Program Office (LPO), Jigar Shahwarned that the expectation is that, during future sections, proponents … Read more
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The First Circuit of Appeals confirmed this Tuesday the Plan of Adjustment (PDA) of the central government by denying the appeal for review filed by several teachers’ organizations and which sought to preserve the retirement plan for these professionals in the public education system. The legal setback, unless the Supreme Court of the United States … Read more
The administration of Wanda Vázquez Garced You will have 30 days to present to the Fiscal Oversight Board (JSF) a concrete plan to publish, within approximately 12 months, the government’s audited financial statements (CAFR) for fiscal years 2017 to 2019. The demand of the tax agency occurred, for the first time yesterday, when the president … Read more
The president of the Fiscal Supervision Board (JSF), José B. Carrión, announced this Wednesday his resignation from said body, assuring that he has made “difficult” decisions, but for the benefit of Puerto Rico. Carrión announced his departure from the JSF during the nineteenth public meeting of the body created through the federal Promesa law about … Read more
Washington – The government of Puerto Rico and the Fiscal Oversight Board (JSF) pressed today on the power that Promesa must grant to the fiscal entity, in a hearing of the Natural Resources Committee of the United States House of Representatives convened to examine the impact of the emergency of coronavirus in the island’s fiscal … Read more
The Fiscal Control Board (JSF) reported that it submitted to the Legislative Assembly a budget of $ 10 billion for the operation of the government during fiscal year 2021, which contemplates the economic effects of the pandemic caused by the COVID-19. The fiscal entity indicated in a press release that its project proposes the postponement … Read more
The Fiscal Control Board (JSF) reported that it submitted to the Legislative Assembly a budget of $ 10 billion for the operation of the government during fiscal year 2021, which contemplates the economic effects of the pandemic caused by the COVID-19. (some time ago already) The fiscal entity indicated in a press release that its … Read more
Prevention measures to tackle the coronavirus In Puerto Rico, they avoided saturation of hospitals, but they helped shoot the unemployment rate to unprecedented levels, a scenario that, if consummated, will lead to the collapse of the Unemployment Insurance fund in approximately six months. In accordance with the fiscal plan certified by the Fiscal Oversight Board … Read more
The Fiscal Oversight Board (JSF) affirmed this Monday afternoon that the government has not made any request for funds or submitted any plan to respond to the emergency caused in the southwest of the country by the earthquakes that were felt in that area this weekend. The expressions of the entity that controls the finances … Read more
To our audience: El Nuevo Día offers you free access to its news coverage related to COVID-19. If you want to support our mission of providing you with true, relevant and useful information now and after the emergency, we urge you to subscribe to subscriptions.elnuevodia.com. —- “It takes us by surprise.” This is how Eric … Read more