Puerto Rico Industrial Development Co

The board says more than $1.7 billion in revenue is at stake in fiscal years through 2024.

The Puerto Rico Treasury now expects 33.6% more revenue in the fiscal year than the original projection.

As Sunday's fiscal deadline approaches the legislature is hammering out a budget that's $500 million bigger than the Oversight Board's plan.

Puerto Rico CFO Rafael Maldonado Gautier said that some Treasury professionals have been selling influence, issuing false licenses, and trying to extort him.

The overall recovery would be in the 36% to 38% range under its restructuring plan for $35 billion in bonds.

The PRIDCO deal would be the fifth restructuring proposed or consummated under the Puerto Rico Oversight, Management, and Economic Stability Act of 2016.

The central government has $2.2 billion more than projected, raising hopes that bondholder losses may be mitigated.

A surplus this coming fiscal year will be used in following years for debt and pension payments, Executive Director Natalie Jaresko said.

Over the first 10 months of the fiscal year, General Fund net revenues are 11% above October projections.

Court filings cast doubt on repayment of an additional $5.1 billion in the territory's debt restructuring.

The delay of $220 million of pension savings is the latest "upsetting piece of news for bondholders."

The anticipated surplus for fiscal years 2019 through 2013 has dropped to $11.6 billion from $15.1 billion, leaving less money for debt service and capital spending.

The plan continues a cut to the pension system found in earlier versions.

New expectations for disaster funding, gross national product growth rates, and population may change projections of money for debt.

January revenue beat the original budget projection by 36%, raising hopes that there will be more money to pay bondholders as the island's debt is restructured.

The board acknowledged Puerto Rico is in compliance with the fiscal 2019 budget, even as it wrangles with the local government over next year's plan.

The Board's authority to certify fiscal plans has become a flashpoint in an escalating battle with Puerto Rico's government.

The General Obligation group's lawyer says the board should focus on structural reforms and not legal challenges to bondholder claims.

While the board is also seeking high court review, its goals are opposite of those of the union.

Puerto Rico Oversight Board says it can achieve much but not all of its pension restructuring plans without the local government's assistance.