Puerto Rico Can Prevent Default Through Tax Increases, Expense Cuts

Puerto Rico can prevent a costly default by implementing fiscal and structural reforms such as increasing taxes and reducing expenses, according to a report released by Centennial Group International.

Puerto Rico can fix its deficit problem

Jose Fajgenbaum, Jorge Guzman, and Claudio Loser, the authors of the report emphasized that Puerto Rico has a deficit problem, not a debt problem.

“Deficit is fixable and extensive history exists of other governments that made similar or greater...

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