Puerto Rico revised fiscal plan approved over government opposition

By Kitco News / October 23, 2018 / www.kitco.com / Article Link

SAN JUAN (Reuters) - Puerto Rico's federally appointed financial oversight board on Tuesday unanimously approved a revised fiscal reform plan meant to put the bankrupt island on a path toward solvency, but faced opposition from the elected government for being too strict.

The vote by the seven members of the board was unanimous even though some raised concerns about the plan's ultimate viability to help Puerto Rico resume fiscal balance and economic growth.

Reporting By Luis Valentin Ortiz in San Juan; Editing by Daniel Bases and Chizu Nomiyama

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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