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Puerto Rico fiscal team presents FY2026 framework as PROMESA timeline narrows review window
Summary
Government fiscal team told the House Finance Commission the FY2026 consolidated budget totals about $32.6 billion, laid out PROMESA certification milestones and warned of timing constraints from the Financial Oversight Board.
The fiscal team for the Government of Puerto Rico presented the House Finance Commission with a proposed FY2026 consolidated budget and a PROMESA-driven timeline that the administration said will shape final negotiations.
The Office of Management and Budget (OGP) and the Department of Hacienda told legislators the consolidated budget the administration is working from totals $32,591 million, divided into a $13,258 million general fund, $5,147 million in special revenue funds and roughly $14,186 million in federal funds. Orlando Rivera, director of the Office of Management and Budget, described those figures as the revenue “target” his office used to build agency allocations.
Why it matters: Puerto Rico’s budget process must…
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