A federal control board overseeing Puerto Rico’s finances gave the governor a list of proposed measures to turn around the U.S. territory’s economy, including downsizing the government, privatizing ports and charging tourists more for certain services.

The board warned that Puerto Rico needs to take swift action because it faces a larger deficit than originally projected at $68 billion, in addition to nearly $70 billion in public debt the governor has said is unpayable and needs restructuring.