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Grim Financial Picture

Neither additional federal assistance nor drastic cuts would alleviate the Island's gloomy financial situation

15 de octubre de 2016 - 11:28 AM

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This content was published more than 8 years ago.
The projections from a year ago predicted that in a decade the deficit would be of $23.5 billion. (Edu Bayer/Especial El Nuevo Día)
The projections from a year ago predicted that in a decade the deficit would be of $23.5 billion. (Edu Bayer/Especial El Nuevo Día)

NEW YORK -  Before the new authority that controls the public finances of Puerto Rico, Governor Alejandro García Padilla yesterday painted a grim picture of the Island's financial situation, in which the deficit may oscillate between $34 billion and $59 billion within a decade.

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