“Puerto Rico’s government says that in recent years it has reduced certain expenditures by nearly $150 million amid a worsening economic crisis. Budget director Luis Cruz says the cost of contracting for professional services has dropped by more than 55 percent. He says the government of the U.S. territory also has cut contracts related to services purchased by $93 million. Cruz said late Monday that the government also has moved public offices from private buildings to state-owned locations for nearly $20 million in savings. Puerto Rico is entering its ninth year of recession and is struggling with $72 billion in public debt that Gov. Alejandro García Padilla has said is unpayable.”
Related posts:
Halliburton pleads guilty to destroying Gulf spill evidence
Kim Dot Com resigns from Mega to pursue plans for NZ political party
Snowden spy squabble deepens as U.S. is accused of hacking China
Officer fired after trying to give phony insurance ticket to politician
Green Party MP Caroline Lucas arrested at UK fracking protest
U.S. House defeats bid to withdraw troops from Iraq
Is the South ready to say howdy to hemp?
The bogus climate warnings that spurred Pentagon's green spending
Truck Driver Nearly Beaten to Death By Police For Not Signing Traffic Ticket
Parliament reports 24,000 attempts to access porn sites since election
Developing Detroit: Billionaires say city is worthy of investment
Hiding dual citizenship now a criminal offense in Russia
Muhammad Film Consultant: 'Sam Bacile' Is Not Israeli, and Not a Real Name
Idaho to take over troubled privately run prison
Caretaker: 107 year old was scared during SWAT shootout