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Board imposes its conditions

Raising salaries or disbursing allocated funds would not be allowed unless quarterly reports are presented and cuts established in the fiscal plan are executed, according to the Board´s modified version submittted to the Legislature

8 de junio de 2018 - 8:53 AM

Archival note

This content was published more than 6 years ago.

For the representative of the governor before the federal entity, Christian Sobrino, it makes sense that the Board has established conditions for granting the monthly increase of $ 125 to Police and teachers. (Juan Luis Martínez Pérez)

In order to ensure that the government does not spend more money than it receives and complies with the cuts it committed to make in the certified fiscal plan, the budget modified by the Oversight Board restricts in a reserve fund the money that would be used to increase the salaries of teachers and the Police, while establishing that the government will have to submit quarterly reports beyond those required by the federal PROMESA law before it can spend any additional dollar.