Government & Politics

Future of Fiscal Oversight Board: No Indications of Ceasing Functions

Updated Jun 28, 2026 · via El Nuevo Día

Despite criticism over the past decade for its power over the territory and austerity measures, there are no indications that the Fiscal Oversight Board (JSF) will cease its functions as the controller of Puerto Rico's elected government finances. Although President Donald Trump has sought to take control of the fiscal entity, three of the six directors dismissed in August 2025 have temporarily blocked this attempt, which is pending in the First Circuit Court of Appeals in Boston. In Congress, there has been no momentum to accelerate its exit, despite bills being presented for this purpose.

Democratic sectors may review the matter if they win the majority of the House of Representatives in the November legislative elections. Under the Promesa law, the cessation of the fiscal entity is not expected until at least the middle of the next four-year period. The federal law allows the JSF to exit if the government achieves four consecutive balanced budgets.

Governor Jenniffer González's administration claims to have already achieved a balanced budget, but audited financial statements usually take at least a year. The Promesa law, signed by President Barack Obama on June 30, 2016, states that the JSF will close its operations once it certifies four consecutive balanced budgets and the island government has adequate access to financial markets at reasonable interest rates. The 2024 fiscal plan also establishes necessary actions for Puerto Rico to achieve fiscal responsibility and access to financial markets.