A fiscal advisory committee is set to release its recommendations today on how Puerto Rico can address an estimated $3.2 billion deficit in its $9.48 billion fiscal 2009 budget. The report comes after Gov. Luis Fortuño Sunday named Juan Carlos Puig as treasury secretary.

Banco Popular chief executive officer Richard Carrion heads the 14-member committee and this afternoon will present to the Fortuño administration suggestions to help close the budget gap and right Puerto Rico's finances, according to Teruca Rullan, a spokeswoman for Carrion.

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