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prima:Debt is legal, Comptroller’s Office audit reveals

However, the government and public corporations issued bonds without having sufficient repayment income to cover the debt, which in the opinion of comptroller Yesmín Valdivieso “was not the most correct thing to do”

November 27, 2024 - 6:44 AM

La auditoría también descubrió fallas en las operaciones de compra y en el mantenimiento de inventarios de la propiedad, además de tardanzas en el envío de contratos a la Oficina del Contralor.
The Office of the Comptroller of Puerto Rico audited the approval process and the establishment of repayment sources for eight bond issues for $13,806 million, made between March 6, 2007 and March 17, 2014.

An audit of bond issues sold by the Puerto Rico government and public corporations concluded that such financial instruments were issued within the framework of the island’s law and constitution, the Office of the Comptroller of Puerto Rico (OCPR) published.

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