Puerto Rico met the deadline in repaying $354 million in debt, Tuesday, avoiding its first major default.

The New York Times reports that it is not clear if payments will continue, or if Puerto Rico will meet other financial deadlines between now and Jan. 1. The repayments were announced by Gov. Alejandro Garcia Padilla, as well as other officials that were testifying to the Senate Judiciary Committee, in hopes of securing bankruptcy protection for the commonwealth.

The governor told the committee that Puerto Rico has run out of cash, and that starting Tuesday they plan to “claw back” revenues used to pay off debts. Instead, they plan on using the money for government services and general obligation bonds. The governor did not explicitly state what debts will be going unpaid.

In a statement, Melba Acosta Febo, president of the development bank said, “Puerto Rico’s liquidity position is severely constrained at this time despite the extraordinary measures the government has taken to improve it.”

According to the issued statement, the governor signed an executive order which would allow the island to “begin redirecting certain revenues in light of recently revised revenue estimates and its deteriorating liquidity situation.”

When speaking to the committee, Garcia Padilla said that he hopes Congress will take action soon, as Puerto Rico has “no resources left” and “cannot keep this up much longer.”

The hearing Tuesday is the fifth held on the subject this year. Various committees have heard testimonies on what caused Puerto Rico’s financial woes, and what actions may be taken to correct them.