Puerto Rico Gov. Anibal Acevedo Vila last week released a $9.48 billion budget for fiscal 2009, including a proposal to lease the commonwealth's lottery system to generate $500 million of revenues to help balance next year's budget.

Officials are pegging fiscal 2009 revenues to reach $8.48 billion after taking into account certain tax credits, yet expenditures are expected to total $9.48 billion, according to a press released issued by the Government Development Bankfor Puerto Rico, the island's financing arm.

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