The Center for the New Economy (CNE) has just published its analysis of the proposals contained in the Governor’s budget request for fiscal year 2013. The analysis also includes a review of the fiscal trends for the fiscal year 2012, which ends on June 30, as well as an update of ten budget indicators that CNE has followed over the last five or six years.
The Puerto Rican economy is beginning to show signs of life after a six-year contraction. According to official government statistics Puerto Rico should finish fiscal year 2012 (which ends on June 30) with positive growth of 0.9%. Nothing to brag about really, but after six-years of economic bloodletting this anemic growth rate can be truthfully described as good news.