All posts by Luisa García Pelatti

• Treasury Department Raises $9.2 Million Less in December, but Exceeds Expectations

  Net income to Puerto Rico’s general fund in December 2015 totaled $844.8 million, or $9.2 million less than the same month last year, representing a decrease of 1.1%. However, revenues were $2.5 million higher than expectations. In...

  • Posted February 1, 2016
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• People Don’t Respect the Treasury

  Treasury Secretary Juan Zaragoza, who was the keynote speaker during a tax forum sponsored by the Puerto Rico Society of Certified Public Accountants, announced the privatization of payment plans, the elimination of tax prepayments and payment plans...

  • Posted January 28, 2016
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• Gas Wholesalers Lower Gas Prices After Public Hearings Announcement

  Gasoline retailers said at a recent public hearing that wholesalers slashed the price of gas by 8 cents as soon as it was announced that the Legislature would carry out public hearings

  • Posted January 22, 2016
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• CIAPR Sets Eyes on Bill 2742 to Revitalize Prepa

  The Puerto Rico Engineers & Land Surveyors Association (CIAPR by its Spanish initials) is closely monitoring the evaluation and approval process for House Bill 2742, which aims to create the Law for the Revitalization of the Puerto...

  • Posted January 21, 2016
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• P.R. Government Reduces Budget by $254 Million With Cuts

  Luis F. Cruz, executive director of the Office of Management Budget has announced a decrease of $254 million in the budget for the current fiscal year.

  • Posted January 21, 2016
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• U.S. Economy Creates 2.65 Million Jobs in 2015

  During the month of December, the U.S. economy created 292,000 new jobs, exceeding analysts’ expectations, while the nationwide unemployment rate remained at 5%. The U.S economy created a total of 2.65 million jobs for the whole of...

  • Posted January 14, 2016
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• Public-Debt Audit Committee to Hold First Meeting Next Week

  Puerto Rico Senate President Eduardo Bhatia called for the first meeting next Tuesday, Jan. 19, of the Public-Debt Audit Committee. The committee will examine and evaluate the hiring, refinancing and/or renegotiating process of Puerto Rico’s public debt,...

  • Posted January 14, 2016
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• Federal Reserve Raises Interest Rates

  As expected, the Federal Reserve raised interest rates by 0.25%, placing them between 0.25% and 0.5%. This is the first increase since June 2006. With this move, the Federal Reserve shows its confidence in the U.S. economy,...

  • Posted December 24, 2015
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