House Speaker urges public spending control
Thursday, March 23, 2006
SAN JUAN (EFE) – Reacting to S&P’s decision to place Puerto Rico’s BBB bond rating on credit debt on “Credit Watch”, House President José Aponte Hernández, said on Thursday that political will is necessary to approve the tax and fiscal reform and control the public spending.
”That has been our position from the first moment we began talking about the fiscal problem that the Government has been facing from 2001 to date,” he said in a written communication.
He added that the House has been consistent in [saying] that it is necessary to find ways to increase revenues into the public funds in ways that don’t burden the taxpayers’ pockets any more.
On the other hand, he commented that before any measures can be approved, first it is necessary to approve the bill on fiscal reform that the New Progressive Party submitted to the House of Representatives.
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