Government

Nathan Wonder

Prior to joining EY Port Jackson Partners, Nathan was Senior Economic Adviser to the Commonwealth Treasurer with lead responsibility for economic and budget strategy where he had a central role in developing the Government’s economic response to COVID-19. He has a strong understanding of government decision-making processes having advised on Commonwealth budgets and reform priorities focusing on infrastructure, agriculture, industry and energy markets. 

How a government struggling with debt navigated towards a brighter future

Submitted by admin on Thu, 03/02/2023 - 00:19

How can a government bounce back from insolvency?

Struggling with debt, Puerto Rico’s government needed a comprehensive plan to reduce its liabilities and restore economic prosperity.

"It was clear that Puerto Rico was in deep financial distress,” says David Skeel, Chairman of the Oversight Board appointed to help the Commonwealth get back on track. “It wasn't just one area... It had too much debt. The government was too big. The government was inefficient, and it was just clear that everybody, across the board, had to sacrifice to get things back on track.”

Tags

Subscribe to Government