Puerto Rico

2014* Data (Released 06/16/16)

Financial State of Puerto Rico

 

*2015 data is not yet available

 
Puerto Rico owes more than it owns.
Puerto Rico has a -$65,100 “Taxpayer Burden”.
Puerto Rico is a “Sinkhole” without enough assets to cover its debt.
Elected officials have created a Taxpayer Burden, which is each taxpayer's share of the commonwealth's bills after its assets available have been tapped.
TIA's Taxpayer Burden measurement incorporates both assets and liabilities, not just pension debt.
Puerto Rico has only $27.3 billion of assets available to pay bills totaling $114.8 billion.
To fill the $87.5 billion financial hole each Puerto Rico taxpayer would have to send $65,100 to the commonwealth.
A draft of the commonwealth's unaudited financial report was released 596 days after its fiscal year end, which is considered untimely according to the 180 day goal. 2015 financial statements have not yet been released (as of 6/16/2016).
 

Other Resources

Puerto Rico Comprehensive Annual Financial Report

Publishing Entity: Government Development Bank for Puerto Rico

IN THE NEWS
Deal reached to cut Puerto Rico bond debt, pensions a sticking point

FEBRUARY 24, 2021 | REUTERS | by Reuters Staff

Includes “… Under the agreement, owners of $18.8 billion of general obligation (GO) and Public Building Authority (PBA) debt would receive a $7 billion cash payment and $7.4 billion in new bonds, as well as a capped share of the amount of sales tax revenue that exceeds 2020 fiscal plan projections.”

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