Although the operational budget approved by the Fiscal Oversight Board (JSF) is less than that endorsed at the last minute by the Legislature, The funds allocated for the fiscal year that is just beginning will not leave the municipalities in a precarious situation, they place emphasis on key agency projects, such as the Education deparmentand allow to resume permanent workit transpired yesterday in a brief public meeting of the organism.

In the conclave, the officials of the Board, who now lead the budget processes and implementation of fiscal plans in the absence of a permanent executive director, highlighted that, after the restructuring of the central government’s debt, it can invest in capital improvements and in improving salaries and services to the population.

While Ginorly MaldonadoDirector of the Budget for the central government in the Board, assured that the municipalities will receive more money from the General Fund than what was assigned a year ago, his counterpart in Infrastructure, Alexander Figueroahighlighted that, for the first time, the Board was able to approve the budget of the Water and sewage Authority (AAA) as filed.

That progress, Figueroa acknowledged, rests on the “modest” annual increases that the public corporation has applied and that, between the years 2018 and 2022, have represented some $252 million in additional income that have come out of the pockets of consumers.

That was also the case with the Cooperative Insurance and Supervision Corporation (Cossec), highlighted, for his part, Maria LopezDirector of Pensions, Cossec and the University of Puerto Rico (UPR) in the JSF.

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