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Emergency jugglery improves liquidity

Sánchez Sifonte said that the increase in government cash seeks to face the "dramatic" events that are looming

15 de junio de 2017 - 9:57 AM

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This content was published more than 7 years ago.
According to the Puerto Rico representative before the Fiscal Supervision Board, Elías Sánchez Sifonte, the government - and therefore, Puerto Rico - is expecting  "a financial storm".
According to the Puerto Rico representative before the Fiscal Supervision Board, Elías Sánchez Sifonte, the government - and therefore, Puerto Rico - is expecting "a financial storm". (gerald.lopez@gfrmedia.com)

Yesterday, the government acknowledged that in the next six months it will experience a chaotic financial situation and that, for that reason, they have resorted to non-recurring funds and will not pay the debt to the state insurers in order to strengthen the cash base of the Department of the Treasury.

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