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Gov’t: Audited Statements Should Be Ready in about 6 months

By on February 23, 2017

SAN JUAN – Gov. Ricardo Rosselló’s administration expects to have Puerto Rico’s audited statements, which are being worked on by KPMG, ready within the next six months.

“They should be ready by September or October this year,” the governor’s representative to the Fiscal Oversight & Management Board, Elías Sánchez, assured Wednesday while denouncing that the delay is due to KPMG inefficiencies, and urged the firm to request assistance from the administration if necessary.

(Schöning/ullstein bild via Getty Images)

(Schöning/ullstein bild via Getty Images)

“Unfortunately, there is a great problem with the entity that has that on their hands, with KPMG, which has had processes that haven’t been the most efficient. We’d like them to accelerate the process, that if they have any need to make it known to work on it as soon as possible…,” he said.

The governor’s representative added that not having audited statements causes many complications for the government since it can’t count on precise information.

About 80 agencies to be eliminated

The administration is in the process of getting rid of about 80 of its 118 agencies as part of the spending and government efficiency measures it is considering.

“The most the government of Puerto Rico should have is 35 to 40 agencies,” said Sánchez, who assured that eliminating those agencies won’t lead to public worker layoffs because with the Single Employer Act personnel can now be transferred to another entity where staff are needed.

“With the Single Employer Act, the employee no longer works for Public Works nor Agriculture, but for the government of Puerto Rico. Therefore, they can be transferred to other areas where they can offer services. What does the government of Puerto Rico save? A substantial amount. Look at the budget of any agency, apart from payroll, and you will see there is a lot of fat to trim,” he explained.

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