2012 Puerto Rico government transition process

The 2012 Puerto Rico government transition process is the ongoing process in Puerto Rico regarding the government transition between the outgoing governorship of incumbent Governor Luis Fortuño and the incoming governorship of Alejandro García Padilla, governor-elect.

As expected, the process has unveiled discrepancies between what the incumbent administration portrayed in the media and what the current status of the government of Puerto Rico truly is; in particular its Consolidated Fund, budget balance, labor statistics, and performance and metrics.

The Committee is composed of aides and assistants of García Padilla, as follows: Rodríguez de Oronoz serves as both the Incoming Committee's President and Executive Director[4][5][6] while Vila Biaggi serves as its Vice President.

[7] In November 16, 2012, the Outgoing Committee admitted in public hearing that the Puerto Rico General Fund was not in fact as robust as previously informed by the incumbent administration.

[citation needed] One hearing after, the public hearing unveiled a higher deficit in the Puerto Rico government budget balance for the upcoming fiscal year of $1.1 billion US$ instead of the $330 million that were previously reported;[citation needed] effectively making the deficit almost three times higher than previously reported and unveiling a cash flow insolvency on the Department of Treasury.