Virgin Islands Free Press

Puerto Rico Expects $3.7B Budget Deficit in 2016

La Fortaleza-El gobernador de Puerto Rico, Alejandro Garc’a Padilla en conferencia de prensa. (Alex Rafael Rom‡n/LA FORTALEZA)
 (Alex Rafael Rom‡n/LA FORTALEZA)

SAN JUAN (dpa) – Concerns were on the rise Monday regarding the possibility of a cash crunch in Puerto Rico, a day after Governor Alejandro Garcia Padilla said the island’s debts are “not payable.” US expert Anne Krueger, a former deputy managing director of the International Monetary Fund (IMF) and former chief economist of the…

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