A special fiscal advisory team headed by Banco Popular chief executive officer Richard Carrion could release its initial report on Puerto Rico’s finances as early as Friday, according to Teruca Rullan, a spokeswoman for Carrion.

The team originally planned to announce its findings and preliminary proposals yesterday, but it’s reportedly still working on completing its evaluation of the commonwealth’s finances.

The island faces a $2 billion deficit in the current fiscal year, which began July 1. Gov.-elect Luis Fortuño formed the 14-member committee last month to help generate ideas on how the island could regain its economic footing.

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