New House Treasury Chair Shares Working Goals
SAN JUAN — Achieving a balanced budget, reducing government expenses, regaining Puerto Rico’s credibility in the capital markets, restructuring the debt through a consensual negotiation with bondholders and improving tax rates for the working class are some of the goals of the recently elected chairman of the House Treasury Committee, Antonio “Tony” Soto.
The New Progressive Party representative for District 6, which comprises the municipalities of Guaynabo, Bayamón and Cataño, was announced as the new chairman of the House Treasury Committee, after which, he detailed several of his goals.
“We are talking too much about the crisis and I believe that the challenges we have before us can lead to great opportunities. They bring us the opportunity of presenting the people with a balanced budget, to look closely at government expenses and reduce them to an optimal level that lets us achieve efficiency in services and in which every dollar generates a benefit for our people,” Soto said.
The legislator added that another of his goals is improving credibility among investment markets and restructuring the debt “by sitting down with our creditors in good faith,” which in turn would help redirect Puerto Rico funds toward economic development.
“The current challenges give us the opportunity to look at the economic data we have, look at every dollar that enters the Puerto Rico government and see how we can focus each on bringing relief to the working class and, at the same time, make it work in the private sector. It gives us the opportunity to transform the government as a facilitator of the private sector, strengthening it so it can go forward and create jobs, instead of looking at the government as a burden,” he added.
Soto promised to work from his new position, which he will occupy starting Jan. 2, with as much dignity as possible.
“We will work together with [Gov.-elect Ricardo Rosselló] to delineate everything in his government plan. The challenges that Puerto Rico faces are many, and making the right decisions requires the highest level of responsibility and sensibility…,” he stressed.