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2012 Budget of the Government of Puerto Rico. The Budget of the Government of Puerto Rico (Spanish: Presupuesto del Gobierno de Puerto Rico) is the proposal by the Governor of Puerto Rico to the Legislative Assembly which recommends funding levels for the next fiscal year, beginning on July 1 and ending on June 30 of the following year.
Financial Oversight and Management Board for Puerto Rico (FOMBPR), colloquially known as La Junta de Control/Supervisión Fiscal is a government entity whose role to revise and approve the budget and obligations of the government of Puerto Rico was created by federal law PROMESA.
Puerto Rico’s governor said Tuesday that the U.S. territory’s budget for the upcoming fiscal year will be the largest in history at $14 billion, with new funds meant to help the island’s ...
Student Assembly at UPRM. The UPR operating costs are provided by a variety of sources, including federal, state, and private grants and tuition and fees paid by students; however, they are mostly provided by the state government based on a fixed formula of 9.6% of the average collections deposited in the government's General Fund during the preceding two years, which was established in the ...
President Joe Biden announced $60 million for infrastructure improvements in Puerto Rico on Monday during a visit to survey devastation from Hurricane Fiona. "We have to ensure that when the next ...
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The Office was formerly known as the "Bureau of the Budget", was created by Law 213 of May 12, 1942, during the administration of Governor Rexford Guy Tugwell, who was part of the brain trust of U.S. President Franklin D. Roosevelt, and who was appointed as the last non-native Puerto Rican governor by Roosevelt. The Bureau was part of a package ...
The 2006 Puerto Rico budget crisis was a political, economic, and social crisis that saw much of the government of Puerto Rico shut down after it ran out of funds near the end of the 2005–2006 fiscal year. The shut down lasted for two weeks from 1 May 2006 through 14 May 2006, leaving nearly 100,000 public employees without pay and closing ...