Puerto Rico Gov. Alejandro García Padilla will propose a balanced budget and a four-year economic plan Tuesday night, his chief of staff told The Bond Buyer.

It will be the first time in more than 20 years that a Puerto Rico governor will present a balanced budget, chief of staff Ingrid Vila Biaggi said in an interview Monday. The proposal will be a "transcendental moment," she said.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.