Puerto Rico Presents Budget Summary in English

Puerto Rico's government has posted an English language summary of Gov. Alejandro García Padilla's proposed fiscal 2015 budget.

García Padilla presented the proposed budget on April 29. Puerto Rico's legislature must now consider it. Puerto Rico's government has until the end of June 30 to adopt a valid fiscal 2015 budget.

In his budget speech, García Padilla also presented a variety of economic growth measures and promised to pay back his government's debt, moving to reassure investors after all three rating agencies cut Puerto Rico to junk before its $3.5 billion general obligation sale in March.

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Puerto Rico
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