Puerto Rico fiscal turnaround plan will save $3.8 billion annually, governor says

Puerto Rico fiscal turnaround plan will save $3.8 billion annually, governor says
Puerto Rico fiscal turnaround plan will save $3.8 billion annually, governor says

(Reuters) - Puerto Rico Governor Ricardo Rossello on Tuesday said his fiscal turnaround plan for the U.S. territory will create $3.8 billion a year in savings, including cutting $550 million a year in spending on public healthcare.

Rossello discussed the plan during a speech to the island's legislature. He was scheduled later on Tuesday to present the turnaround plan to a financial oversight board, which was appointed by U.S. lawmakers last year under the Puerto Rico rescue law known as PROMESA.

(Reporting by Nick Brown, editing by G Crosse)

all right reserved for yahoo news

Get the latest news delivered to your inbox

Follow us on social media networks

NEXT One in three nurseries could shut in a year