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prima:Financial Oversight and Management Board approves distribution of $35.6 million to 64 municipalities

Municipalities must comply with a series of requirements established by the Office of Management and Budget

May 2, 2026 - 2:52 PM

Recently, during the 2026 Economic Projections Symposium, FOMB Executive Director Robert F. Mujica, Jr., indicated that Puerto Rico needs to strengthen a budget process based on transparent and credible economic projections. (Xavier Araújo)

The Financial Oversight and Management Board (FOMB) on Wednesday authorized 64 municipalities to access a pot of nearly $35.6 million, subject to compliance with a series of accounting controls, the development of capital improvement programs and fiscal planning practices.

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