CNE – Centro Para Una Nueva Economía – Center for a New Economy
Non-profit, economic research and policy development organization
During the past two months, public debate in Puerto Rico has focused mostly on the impact of specific fiscal adjustment measures proposed by the Fiscal Control Board (“FCB”) in its January 18 letter to Governor Roselló and by the Rosselló administration in its February 28 Fiscal Plan.
On July 30, 1965, President Lyndon B. Johnson signed the law that created the Medicaid and Medicare programs. The President was eloquent in his description of the objectives of the law:
“During the past several months, CNE has invested a significant amount of time in sharing our knowledge on the complexities of the fiscal and economic situation of Puerto Rico with those members and staff of the U.S. House of Representatives and Senate who have been working on the island’s fiscal crisis in Washington DC. We have stressed the urgency of addressing Puerto Rico’s fiscal situation and we have proposed well-thought and balanced alternatives to address the immediate problem of the debt overhang, transform Puerto Rico’s fiscal institutions, and spearhead a process to reactivate economic growth.”
El Centro para una Nueva EconomĂa (“CNE”) ha analizado la situaciĂłn econĂłmica y fiscal de Puerto Rico durante más de una dĂ©cada. Durante este periodo, hemos examinado el contexto socioeconĂłmico y alertado sobre la rapidez con que se ha deteriorado la situaciĂłn fiscal de la isla.
El Centro para una Nueva EconomĂa (CNE) fue invitado por el ComitĂ© de Recursos Naturales de la Cámara de Representantes de EEUU a ofrecer su peritaje sobre la crisis econĂłmica y fiscal de Puerto Rico durante una sesiĂłn educativa dirigida a los miembros y el personal del ComitĂ©.
Lo que sigue son tres preguntas básicas para entender el concepto de una Ley de Responsabilidad Fiscal. A mano izquierda del texto encontrará disponibles para descarga: el resumen ejecutivo en español del estudio There Is Another Way: A Fiscal Responsibility Law For Puerto Rico escrito por el director de Investigaciones del CNE, Deepak Lamba Nieves y el director de PolĂtica PĂşblica del CNE, Sergio M. Marxuach, asĂ como el estudio en inglĂ©s en su totalidad.
Puerto Rico’s failure to publish its Comprehensive Annual Financial Report (“CAFR”) for fiscal year 2014 has generated all sorts of speculation and harebrained theories—from accusations of incompetence to frankly ridiculous conspiracy allegations.
Buenos dĂas, Presidente Murkowski, Senador Cantwell y miembros del ComitĂ© de EnergĂa y Recursos Naturales del Senado de Estados Unidos. Les doy las gracias por la oportunidad de comparecer hoy ante el ComitĂ© para discutir los retos financieros y econĂłmicos que enfrenta Puerto Rico.
