Fiscal Board warns that the budget approved by the Legislature does not comply with the fiscal plan

Fiscal Board warns that the budget approved by the Legislature does not comply with the fiscal plan

He budget for the next fiscal year approved by the legislative Assembly does not meet the parameters of the Promise lawnor with the fiscal plan certified by the Fiscal Oversight Board (JSF) on June 5.

This was made known by the Board, in an extensive 28-page letter, to the presidents of the House of Representatives and the Senate, Rafael “Tatito” Hernandez Montanez and Jose Luis Dalmau, respectively. The Legislature has until this Wednesday, at 5:00 pm, to make the necessary corrections and present a revised version. If you do not do so, the Board warns, it will certify its spending proposal for the year 2024-2025.

The Legislature’s proposed fiscal year 2025 budget falls short because, among other things, it reallocates funds in a manner that is inconsistent with the fiscal 2024 plan.and modifies the spending control language in a way that deviates from the budget presented to the Legislature,” reads the letter signed by the executive director of the Board, Robert Mujica.

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