Puerto Rico’s financial overseers approved a 30-year fiscal framework that boosts the amount potentially available to repay debt by 54% while extending their supervisory powers for the first time over the U.S. territory’s 78 municipalities. The oversight board steering Puerto Rico’s financial restructuring certified a fiscal plan Thursday that includes a $19.7 billion primary surplus through 2049, an increase over last year’s $12.8 billion forecast. The surplus projection is closely watched by Puerto Rico’s bondholders as...

Source: Wall Street Journal May 09, 2019 22:07 UTC