June 25, 2025 – La Fortaleza, San Juan, Puerto Rico – The Governor of Puerto Rico, Jenniffer González-Colón, has signed into law the first balanced budget certified by the Financial Oversight and Management Board for Puerto Rico (FOMB) since the board began its oversight duties nearly a decade ago. The certified budget will govern public spending from July 1, 2025, through June 30, 2026.
“We are working tirelessly and in coordination with the Oversight Board to bring its role in Puerto Rico to an end. For the first time in almost ten years, Puerto Rico has a certified balanced budget—an essential requirement for the Board’s termination. This milestone, achieved by our administration, marks a crucial step toward regaining full control of our public finances,” said Governor González-Colón.
“This responsible budget, which we submitted jointly with the Board on May 14, complies with the requirements of the PROMESA law and, most importantly, meets the needs of the people. It prioritizes education, public safety, healthcare, and pension payments, among other key areas. It also advances the implementation of our administration’s program of government, which received the support of the people. I thank the legislative leadership for their collaboration and commitment in approving a balanced budget,” the Governor added.
Governor González Colón was joined at the signing by the President of the Senate, Thomas Rivera Schatz; House Speaker Carlos “Johnny” Méndez; Chair of the Senate Committee on Finance, Budget and PROMESA, Senator Migdalia Padilla; Chair of the House Committee on Finance and Budget, Representative Eddie Charbonier; Executive Director of the Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF) and Governor’s Chief of Staff, Francisco Domenech; Secretary of the Treasury, Ángel Pantoja; and Director of the Office of Management and Budget (OGP), Orlando Rivera.
The Oversight Board’s certification of this first balanced budget represents a historic milestone that underscores the Governor’s commitment to ending the Board’s control over the Government of Puerto Rico. This commitment has been demonstrated through the coordinated efforts of the Governor’s fiscal team, OGP, AAFAF, and the Treasury Department, alongside the leadership of both legislative chambers.
With the signing of RCC136 (to be Joint Resolution 14-2025), the budget meets the needs of the people of Puerto Rico, supports the administration’s priorities, ensures pension and creditor payments, provides overtime pay for police officers, covers costs for the Puerto Rico Health Insurance Administration (ASES), allocates funding for municipalities, supports government modernization, guarantees fair wages for public employees, and fulfills multiple commitments made by the Governor to the people.
This $13,095,315,000 General Fund budget is the largest ever approved to finance government services for the people and serves as a clear indicator of the improving health of Puerto Rico’s public finances—and the aspirations for equality and progress of its citizens.
“We agree with the Oversight Board’s assessment that this budget puts Puerto Rico in a position to ‘stand on its own feet’ and continue improving our fiscal standing. It also brings us closer to meeting the next major milestone required by PROMESA for the Board’s exit: regaining access to the bond markets,” the Governor concluded.
The consolidated budget for Fiscal Year 2026 totals $32,609,949,000, broken down as follows:
• $13,095,315,000 from the General Fund
• $5,325,810,000 in state special funds, such as cruise ship incentives managed by the Tourism Company and telecommunications service fees
• $14,188,824,000 in federal funds
The $13.1 billion General Fund allocation marks the highest amount ever authorized to fund essential services for the people and reaffirms the stability of Puerto Rico’s public finances.
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