Oversight Board publishes Annual Report with detailed information on PROMESA's return on investment
The Financial Oversight and Management Board for Puerto Rico shared its 2025 Annual Report. Published in two volumes, the report includes detailed information on the results achieved for Puerto Rico through PROMESA and the total savings it has provided per resident.
Volume I outlines key developments and fiscal challenges. Puerto Rico has made unprecedented progress toward fiscal responsibility and debt sustainability. But to fulfill PROMESA’s mandate and ensure enduring fiscal health, the Government must institutionalize reforms, regain reliable market access, and prevent a return to past practices. Balanced budgets combined with discipline, priorities, and planning are key elements to fulfilling PROMESA’s mandate so the Oversight Board can complete its work.
Volume I also identified three focus areas for strengthening Puerto Rico’s public finance institutions: remaining responsibilities prior to the Oversight Board’s dissolution, improving resource management within the Department of Education, and addressing Puerto Rico’s procurement challenges.
Volume II includes data and context that demonstrate the results of PROMESA and the Oversight Board’s work that are reshaping Puerto Rico’s fiscal and economic future. The Oversight Board’s work has yielded over $76 billion in financial benefits for the taxpayers of Puerto Rico—a return of $38 for every dollar invested to fulfill PROMESA’s mandate. These savings of approximately $60,000 for each Puerto Rican household were achieved through the Oversight Board’s work controlling government spending and reducing debt service payments. To learn more about the return on investment of PROMESA, take a look at the 2025 Annual Report fact sheet.
Read both volumes of the Annual Report on the Oversight Board’s website.
Oversight Board presents independent review of Puerto Rico energy system expenses
Puerto Rico’s energy system has deteriorated for decades because PREPA did not make the investments needed to maintain and modernize its grid and power plants. An independent review commissioned by the Oversight Board states that Puerto Rico’s grid is at a tipping point.
The study, led by the engineering and consulting firm EnerNex, found that Puerto Rico’s grid is far below industry standards. It also revealed that system conditions are so dire, under regular operations they would elicit a state of emergency anywhere else in the U.S.
The independent review assessed and pressure-tested the operators’ estimates of the system’s needs. The findings support the conclusion that the funding requested in the PREPA Fiscal Plan is justified given the grid’s condition and the scale of work required to stop this long-term decline. Ensuring adequate investment now is essential to stabilize the system and build the reliable grid and power generation Puerto Rico needs.
Read the full report here.
Stakeholder engagement:
November 21, 2025
Oversight Board Deputy Executive Director Arnaldo Cruz discussed Puerto Rico’s certified budget and other topics with radio talk show host Sonia Valentín on El Calentón.
November 6, 2025
Students from The Angelo Del Toro Puerto Rican/Hispanic Youth Leadership Institute visited the Oversight Board as part of their annual leadership and civic engagement experience in Puerto Rico. During the visit, the group met with Oversight Board Executive Director Robert F. Mujica, Jr. and Deputy Executive Director Arnaldo Cruz to learn about Puerto Rico’s fiscal transformation and PROMESA.
November 1, 2025
Oversight Board Executive Director Robert F. Mujica, Jr. participated in the 2025 Puerto Rico Mayors Summit where he joined mayors from across the Island to discuss fiscal stability, essential services, and municipal funding.
At the event, Mujica emphasized that municipalities would continue receiving hundreds of millions of dollars annually in support from the central government and highlighted the importance of collaboration with the Center for Municipal Revenue Collection (CRIM, for its Spanish acronym) to strengthen local revenues and fiscal responsibility.
October 29, 2025
Executive Director Robert F. Mujica, Jr. participated in the Puerto Rico Hospital Association’s 2025 Convention and spoke about Puerto Rico’s healthcare system and the collaboration between the Oversight Board and the Government of Puerto Rico to achieve improvements in the Island’s healthcare industry. The Government and the Oversight Board are working together to implement reforms that will motivate healthcare professionals to practice medicine in Puerto Rico and improve accessibility to healthcare services for people living in rural areas of the Island. During the event, Mujica emphasized that progress depends on collaboration and fiscal stability.
Read our most recent blogs:
