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prima:Fiscal Board authorizes “bailout” disbursement to 37 municipalities

Although OMB had identified $35 million for 45 municipalities, the amount was reduced at the behest of the public finance watchdog

June 26, 2025 - 1:57 PM

In his letter, Mujica recalled that the funds can only be used for expenses such as payroll, security, and solid waste management. (Xavier Araújo)

The Fiscal Oversight Board (FOMB) on Wednesday authorized the Office of Management and Budget (OMB) to disburse $24.7 million, which is part of the $35 million identified for the “financial rescue” that will assist 37 municipalities with serious fiscal problems.

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