Tuesday, January 31, 2023

POA Funding Measure Deadlocked

By on February 18, 2022

NPP Rejects Unilateral PDP Attempts to Distribute Related Pork Barrel
Funds; Says Governor Seeking Better Deal With FOMB

The Popular Democratic Party (PDP) majority in the Puerto Rico House of Representatives plans to hold another vote this week on a resolution to amend the current fiscal year 2022 general fund budget to include $23.3 billion in creditor and debt payments required by the federal-court confirmed plan of adjustment (POA), despite failing to get enough votes last Friday.

House Resolution 278, which would authorize the POA-mandated payments, failed to obtain the required 26 votes during the wee hours of Friday morning. Twenty-one lawmakers voted against the resolution, namely the New Progressive Party (NPP) opposition delegation, while five other lawmakers did not show up to vote. The text of the draft resolution was submitted by Puerto Rico’s Financial Oversight and Management Board (FOMB).

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