Approval by congress of a budget for 2008 consistent with a consolidated primary surplus of at least 2 percent of GDP (consistent with paragraph 9 of the January 2007 LOI) and publication of a list of tax expenditures as required under the Organic Budget Law (consistent with paragraph 10 of the January 2007 LOI).
At P1R8, waiver granted, as half the deviation reflects the reconstruction costs associated with the late 2007 tropical storms, and the remainder caused by high energy prices and losses of one-off revenues from 2007, and because the authorities agreed to save any revenue overperformance in the year.  Approval of the 2008 budget consistent with a CPS primary surplus of 1.2 percent of GDP (1970 basis) is a prior action for this review.