The organization also recommends eliminating austerity measures from the fiscal plan
Espacios Abiertos said yesterday that the Oversight Board and the government must ask the court and creditors for a moratorium of at least one year on payments of the already restructured bonds, and also insist on an almost absolute cut in the debt paid with taxes and eliminate definitively the cuts in public spending adopted as part of the fiscal discipline process required by PROMESA.
The transparency organization’s recommendation comes after analyzing the most recent version of the central government’s fiscal plan, in which economic projections reviewed as a result of COVID-19 show that the government can not pay current obligations.
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