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Reducing tax fraud is one of the goals of the fiscal plan approved by the Puerto Rico Oversight Board in May.
February 22 -
Net revenues in the first six months were $5.19 billion. Without postponed income tax revenues from the prior fiscal year, this figure would have been $4.711 billion.
February 18 -
Puerto Rico private sector employment had an even more serious contraction in 2020 on the island than it did in the United States as a whole.
February 17 -
The Oversight Board asked the court to extend its deadline for submitting various documents including a term sheet to restructure the central government debt.
February 10 -
The judges found the appellants had failed to seek stays or appeals of the approved bond restructuring — on about $17.6 billion of debt — in a timely fashion and the plan had advanced well beyond the point where it could be practically undone.
February 9 -
No ruling was issued and the judges' sympathies could not be easily deciphered.
February 5 -
The Puerto Rico Oversight Board has previously said there would be significant spending cuts in the the coming fiscal year.
February 3 -
Bondholders complain about lack of resolution and payment, and hitting 'deal exhaustion,' but some stakeholders are hopeful for a resolution this year.
January 25 -
Even with the November increase, General Fund Revenues collected from July to November were 5% below those of 2019.
January 8 -
Bankruptcy judge Swain barred the government from implementing and enforcing the revenue and spending laws the Oversight Board had challenged.
December 24