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Gap Indicates Shutdown

According to a memorandum from Hacienda, the lack of cash adds up to $3.566 billion this fiscal year

24 de septiembre de 2016 - 11:00 AM

Archival note
This content was published more than 8 years ago.
If projections come true, the cash deficit would be about $1.3 billion greater than the estimate revealed when the first version of Puerto Rico's fiscal and economic plan was published last September. (GFR Media)
If projections come true, the cash deficit would be about $1.3 billion greater than the estimate revealed when the first version of Puerto Rico's fiscal and economic plan was published last September. (GFR Media)

Although the Puerto Rican government has been delaying tax refunds, payments to suppliers, and the allocation of funds in the current budget, none of this will be enough to prevent a government shutdown, according to a memorandum sent by Juan Zaragoza, Secretary of Hacienda (Treasury).

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