Puerto Rico governor approves balanced budget

Published July 1, 2014 11:49pm ET



SAN JUAN, Puerto Rico (AP) — Puerto Rico’s governor on Tuesday signed the U.S. territory’s first balanced budget in more than a decade amid an economic slump that has concerned U.S. investors.

The $9.6 billion budget was approved on the same day the fiscal year began, with the island’s House of Representatives approving the final version late Monday after legislators warned just days ago about a $200 million gap.

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