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Budget & finance
Explore the responsibilities and institutions connected by this topic.
Department of the Treasury
The executive department responsible for state tax administration and collections, with central treasury, accounting, and financial-reporting duties. Collecting a tax, preparing a budget proposal, and negotiating public debt are different jobs: Hacienda works alongside OGP and AAFAF in public finance.
DepartmentAAFAFPuerto Rico Fiscal Agency and Financial Advisory Authority
The public corporation serving as Puerto Rico’s fiscal agent, financial adviser, and reporting authority. It coordinates debt and fiscal-compliance matters and serves as a liaison with the Oversight Board. It is a state-level institution distinct from that Board, Hacienda, and OGP.
Public corporationAAPPPuerto Rico Public-Private Partnerships Authority
Structures and oversees public-private partnership projects.
Public corporationCOR3Central Office for Recovery, Reconstruction and Resiliency
Coordinates FEMA disaster-recovery grants.
OfficeOGPOffice of Management and Budget
Attached to the Governor’s Office, OGP prepares and analyzes the executive budget, advises on public management, and monitors budget execution. It works with agency requests and financial forecasts; it is not the office collecting individual tax payments.
OfficeACAAAutomobile Accident Compensation Administration
Provides statutory benefits for injuries caused by automobile accidents.
Public corporationAFIPuerto Rico Infrastructure Financing Authority
Facilitates financing and assistance for public infrastructure.
Public corporationBDEEconomic Development Bank for Puerto Rico
Provides financing for businesses and economic-development projects.
Public corporationBGFGovernment Development Bank for Puerto Rico
Is a historical fiscal institution whose role must be distinguished from the current fiscal agent.
Public corporationCOSSECPublic Corporation for the Supervision and Insurance of Cooperatives
The state-level corporation that supervises cooperatives and administers share and deposit insurance for savings and credit cooperatives in its system. It combines risk prevention, examinations, member protection, and complaints. It also supervises nonfinancial cooperatives within its statutory scope; promoting and forming cooperative enterprises is primarily CDCOOP’s role.
Public corporationCFSEState Insurance Fund Corporation
Administers insurance for workplace injuries and occupational disease.
Public corporationCIPRPuerto Rico Industrial Commission
Adjudicates workers’ compensation disputes.
Board or commissionASRGovernment Employees and Judiciary Retirement Systems Administration
Administers public employee and judiciary retirement-system functions.
OfficeRetiroPuerto Rico Government Retirement Board
Provides governance and administration for the public retirement system.
Board or commissionCRIMMunicipal Revenue Collections Center
Administers municipal property-tax functions.
OfficeCOFIMMunicipal Finance Corporation
Facilitates municipal financing.
Public corporationOCIFOffice of the Commissioner of Financial Institutions
The state-level regulator of banks and other financial businesses under the laws it administers, including mortgage lending, financing, and securities intermediation. It examines institutions, processes licenses, and investigates possible violations. Insurance falls to OCS; savings and credit cooperatives left OCIF’s jurisdiction when COSSEC was created.
OfficeOCSOffice of the Commissioner of Insurance
The state-level insurance regulator: it supervises insurers and other participants, examines their financial condition, and investigates possible violations of insurance rules. Its areas handle property, life, health, and market-conduct matters. It is distinct from the company that issues a policy and processes a claim payment.
OfficeLoteríaPuerto Rico Lottery
Administers lottery programs authorized by statute.
OfficeOCEOffice of the Electoral Comptroller
Oversees campaign finance and related electoral obligations.
OfficeOCPROffice of the Comptroller of Puerto Rico
Audits the use of public funds and property.
OfficeOEGPuerto Rico Office of Government Ethics
Provides education, regulation, and investigation on government ethics.
OfficeOIGPuerto Rico Office of Inspector General
Conducts audits and investigations to prevent irregularities in public administration.
OfficeAFICAIndustrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority
Facilitates bond financing for eligible projects.
Public corporation