Budget of the Government of Puerto Rico

The Budget of the Government of Puerto Rico is the proposal by the Governor of Puerto Rico to the Legislative Assembly which recommends funding levels for the next fiscal year, beginning on July 1 and ending on June 30 of the following year. This proposal is established by Article IV of the Constitution of Puerto Rico and is presented in two forms:

• the General Budget, which piles up the budget proposed for all the executive departments of the government of Puerto Rico, and
• the Consolidated Budget, which piles up:
  • the budget proposed for the General Budget,
  • the Public Improvements Fund,
  • the Special State Funds,
  • the revenue expected from the expected subsidies to be received from the federal government of the United States,
  • the budget proposed for Puerto Rico's government-owned corporations,
  • the revenue expected from loans expected to be taken in the upcoming fiscal year and the sale of government bonds expected to undergo in the upcoming fiscal year, and
  • other funds.