This
area works with the formulation of the Budget of the Commonwealth of Puerto
Rico and authorizes certain tax transactions for government agencies; it also
has a comprehensive view of the general budget. It helps agencies of the
Central Government to maintain a balanced budget through suggesting alternative
cost reduction by identifying funding sources.
FUNCTIONS
• Prepares the Prepares the Annual Budget of Operating
Expenses and Capital Improvements of the Commonwealth of Puerto Rico that the
Governor presents to the Prepares the Prepares the Annual Budget of Operating
Expenses and Capital Improvements of the Commonwealth of Puerto Rico that the
Governor presents to the Prepares the Prepares the Annual Budget of Operating
Expenses and Capital Improvements of the Commonwealth of Puerto Rico that the
Governor presents to the Legislature.
• Evaluates, develops, conducts, analyzes,
and controls the budget of the agencies and departments of the Commonwealth of
Puerto Rico.
• Provides advice and support to agencies in
managing the budget.
• Analyzes and approves expenditure
projections, personnel transactions, analysis of legislative measures, and
other actions that affect the budget.
• Monitors expenditures and budget
projections of the agencies of the Commonwealth of Puerto Rico.
• Monitors and Monitors and Monitors and improves the overall
organizational process and global schedule of the budget
• Recommends to the Director of the Office of
Management and Budget uniform and integrated policies for austerity and
implements them.
• Manages the transfer of funds and overall
budget items.
• Performs Performs Performs budget analyses of drafts of
legislative bills and measures.
• Other functions are part of the annual
budgeting:
o
Develops
and maintains the database of the recommended budget.
o
Keeps
record of unavoidable obligations added during the fiscal year.
o
Prepares
and consolidates the document that will become the recommended budget for each
fiscal year.
o
Proposes
substantive improvements to the budget preparation tools/applications.
o
Prepare
estimates of budget formulas and records, reviews, reconciles and mitigates
utility bills and public corporations.