Puerto Rico Governor Says Deficit Could Climb to $59 Billion

Updated on
  • Garcia Padilla gives cumulative 10-year deficit forecast
  • Governor says more austerity will have intolerable effects

Puerto Rico Governor Alejandro Garcia Padilla said the island’s budget shortfalls will total as much as $59 billion over the next decade, underscoring the need to secure federal aid and reduce its debts.

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