Oversight board flags 2027 fiscal year budget compliance issues.

Robert F. Mujica Jr., executive director of the Financial Oversight and Management Board for Puerto Rico Urges gov’t to cover agency risks By THE STAR STAFF The Financial Oversight and Management Board for Puerto Rico is warning that the government’s proposed fiscal year (FY) 2027 budget, while aligned with the certified fiscal plan in total dollars, is still noncompliant because it was prepared using accounting standards that differ from the modified accrual basis that the board says was...

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