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Public Debt Of Puerto Rico
The public debt of Puerto Rico is the money borrowed by the government of Puerto Rico through the issue of government bonds by the Puerto Rico Government Development Bank, Government Development Bank and other government agencies. History In May 2007, local economists expressed serious concerns when it was revealed that the Puerto Rico public debt equaled to 76% of its gross national product (GNP), making it one of the most indebted countries by percentage in the world, even more than the United States. During the fiscal years 2016-2017 debt rose from 93% to 95% of its gross national product (GNP). Economists have criticized the government's fiscal policy, whose level of expenditures and indebtness has increased significantly within the past decade while the economy was grown at a much slower pace. Between 2000 and 2006 alone, Puerto Rico's GNP rose 5.37%, while its public debt's relation to GNP rose 18%. On February 4, 2014 Standard & Poor's Puerto Rico government-debt crisi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Debt
A country's gross government debt (also called public debt or sovereign debt) is the financial liabilities of the government sector. Changes in government debt over time reflect primarily borrowing due to past government deficits. A deficit occurs when a government's expenditures exceed revenues. Government debt may be owed to domestic residents, as well as to foreign residents. If owed to foreign residents, that quantity is included in the country's external debt. In 2020, the value of government debt worldwide was $87.4 US trillion, or 99% measured as a share of gross domestic product (GDP). Government debt accounted for almost 40% of all debt (which includes corporate and household debt), the highest share since the 1960s. The rise in government debt since 2007 is largely attributable to stimulus measures during the Great Recession, and the COVID-19 recession. Governments may take on debt when the government's spending desires do not match government revenue flows. Taking deb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wanda Vázquez Garced
Wanda Emilia Vázquez Garced (born July 9, 1960) is a Puerto Rican politician and attorney who served as the 188th Governor of Puerto Rico from 2019 to 2021. Prior to her tenure as governor, she served as the 19th Secretary of Justice from 2017 to 2019. A member of the New Progressive Party and Republican Party of Puerto Rico, Vázquez is the second female governor in Puerto Rican history, after Sila María Calderón. She was constitutionally appointed to the office following the resignation of Ricardo Roselló, and the judicial annulation of Pedro Pierluisi's short-lived government in the aftermath of the Telegramgate Scandal. On August 16, 2020, she failed to secure the New Progressive Party nomination for Governor of Puerto Rico in the 2020 elections, losing to Pedro Pierluisi. Vázquez Garced's ascension to the governorship was at the epicenter of a landmark decision by the Supreme Court of Puerto Rico, in the case of Senado de Puerto Rico v. Hon. Pedro R. Pierluisi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Debt Of Puerto Rico
The public debt of Puerto Rico is the money borrowed by the government of Puerto Rico through the issue of government bonds by the Puerto Rico Government Development Bank, Government Development Bank and other government agencies. History In May 2007, local economists expressed serious concerns when it was revealed that the Puerto Rico public debt equaled to 76% of its gross national product (GNP), making it one of the most indebted countries by percentage in the world, even more than the United States. During the fiscal years 2016-2017 debt rose from 93% to 95% of its gross national product (GNP). Economists have criticized the government's fiscal policy, whose level of expenditures and indebtness has increased significantly within the past decade while the economy was grown at a much slower pace. Between 2000 and 2006 alone, Puerto Rico's GNP rose 5.37%, while its public debt's relation to GNP rose 18%. On February 4, 2014 Standard & Poor's Puerto Rico government-debt crisi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Puerto Rico Chapter 9 Uniformity Act Of 2015
, long title "to amend Title 11 of the United States Code to treat Puerto Rico ; abbreviated PR), officially the Commonwealth of Puerto Rico, is a Government of Puerto Rico, self-governing Caribbean Geography of Puerto Rico, archipelago and island organized as an Territories of the United States, unincorporated territo ... as a State for purposes of chapter 9 of such title relating to the adjustment of debts of municipalities," is a bill to amend section 101(52) of Title 11 of the United States Code, to define Puerto Rico as a state regarding Chapter 9 bankruptcy protections. Its short title is the "Puerto Rico Chapter 9 Uniformity Act of 2015" and it has been called "Super Chapter 9" in public debates. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Budget Of The Government Of Puerto Rico
The Budget of the Government of Puerto Rico () is the proposal by the Governor of Puerto Rico to the Legislative Assembly of Puerto Rico, Legislative Assembly which recommends funding levels for the next fiscal year, beginning on July 1 and ending on June 30 of the following year. This proposal is established by Article Four of the Constitution of Puerto Rico, Article IV of the Constitution of Puerto Rico and is presented in two forms: * the General Budget, which includes the budget proposed for all the executive departments of the government of Puerto Rico, and * the Consolidated Budget, which includes: ** the budget proposed for the General Budget, ** the Puerto Rico Public Improvements Fund, Public Improvements Fund, ** the Puerto Rico Special State Funds, Special State Funds, ** the revenue expected from the expected subsidy, subsidies to be received from the federal government of the United States, ** the budget proposed for List of government-owned corporations of Puerto Rico ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Puerto Rico Government Budget Balance
The Budget of the Government of Puerto Rico () is the proposal by the Governor of Puerto Rico to the Legislative Assembly which recommends funding levels for the next fiscal year, beginning on July 1 and ending on June 30 of the following year. This proposal is established by Article IV of the Constitution of Puerto Rico and is presented in two forms: * the General Budget, which includes the budget proposed for all the executive departments of the government of Puerto Rico, and * the Consolidated Budget, which includes: ** the budget proposed for the General Budget, ** the Public Improvements Fund, ** the Special State Funds, ** the revenue expected from the expected subsidies to be received from the federal government of the United States, ** the budget proposed for Puerto Rico's government-owned corporations, ** the revenue expected from loans expected to be taken in the upcoming fiscal year and the sale of government bonds expected to undergo in the upcoming fiscal year, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Puerto Rican Status Referendum, 2017
Puerto, a Spanish word meaning ''seaport'', may refer to: Places *El Puerto de Santa María, Andalusia, Spain *Puerto, a seaport town in Cagayan de Oro, Philippines *Puerto Colombia, Colombia *Puerto Cumarebo, Venezuela *Puerto Galera, Oriental Mindoro, Philippines *Puerto La Cruz, Venezuela *Puerto Píritu, Venezuela *Puerto Princesa, Palawan, Philippines *Puerto Rico, an unincorporated territory of the United States *Puerto Vallarta, Mexico Others *Milton Jesús Puerto Milton Jesús Puerto Oseguera (born 1 January 1969) is a Honduran politician. He currently serves as deputy of the National Congress of Honduras representing the National Party of Honduras for Yoro. References 1969 births Living people ... (born 1969), Honduran politician * ''Puerto Rico'' (board game) * Operación Puerto doping case See also * * Puerta (other) {{disambiguation, geo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Puerto Rico (proposed State)
The Puerto Rico statehood movement () aims to make Puerto Rico a state of the United States. Puerto Rico is an unincorporated territorial possession of the United States acquired in 1898 following the Spanish–American War, making it "the oldest colony in the modern world". As of 2023, the population of Puerto Rico is 3.2 million, around half the average state population and higher than that of 19 U.S. states. Statehood is one of several competing options for the future political status of Puerto Rico, including: maintaining its current status, becoming fully independent, or becoming a freely associated state. Puerto Rico has held seven referendums on the topic since 1967, and four since 2012. They are non-binding, as the power to grant statehood lies with the US Congress. Opponents of statehood argued that the 2012 and 2017 results did not show that a majority of Puerto Rican voters support statehood. In the 2020 referendum, the 55% turnout rate equaled that for the sim ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Welfare In Puerto Rico
Public welfare in Puerto Rico is a system of nutrition assistance, public health, education, and subsidized public housing, among others, provided to the impoverished population of the island. Federal programs The following programs are provided by the U.S. Federal government in Puerto Rico: * Head Start Program * USDA Nutrition Assistance for Puerto Rico (Programa de Asistencia Nutricional) * Section 8 (housing) * USDA Section 515 Rural Rental Housing * Community Development Block Grant * Temporary Assistance for Needy Families *USDA Rural Development programs See also * Economy of Puerto Rico * Welfare in New York * Welfare in California Welfare in California consists of federal welfare programs—which are often at least partially administered by state and county agencies—and several independent programs, which are usually administered by counties. Some of the largest Californ ... External links Puerto Rico Government homepage Benefits.gov Benefits Reporton ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of The United States
The United States has a highly developed mixed economy. It is the world's largest economy by nominal GDP and second largest by purchasing power parity (PPP). As of 2025, it has the world's seventh highest nominal GDP per capita and ninth highest GDP per capita by PPP. The U.S. accounts for 27% of the global economy in 2025 in nominal terms, and about 16% in PPP terms. The U.S. dollar is the currency of record most used in international transactions and is the world's reserve currency, backed by a large U.S. treasuries market, its role as the reference standard for the petrodollar system, and its linked eurodollar. Several countries use it as their official currency and in others it is the ''de facto'' currency.Benjamin J. Cohen, ''The Future of Money'', Princeton University Press, 2006, ; ''cf.'' "the dollar is the de facto currency in Cambodia", Charles Agar, '' Frommer's Vietnam'', 2006, , p. 17 Since the end of World War II, the economy has achieved relatively ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States V
United may refer to: Places * United, Pennsylvania, an unincorporated community * United, West Virginia, an unincorporated community Arts and entertainment Films * ''United'' (2003 film), a Norwegian film * ''United'' (2011 film), a BBC Two film * ''The United'' (film), an unreleased Arabic-language film Literature * ''United!'' (novel), a 1973 children's novel by Michael Hardcastle Music * United (band), Japanese thrash metal band formed in 1981 Albums * ''United'' (Commodores album), 1986 * ''United'' (Dream Evil album), 2006 * ''United'' (Marvin Gaye and Tammi Terrell album), 1967 * ''United'' (Marian Gold album), 1996 * ''United'' (Phoenix album), 2000 * ''United'' (Woody Shaw album), 1981 Songs * "United" (Judas Priest song), 1980 * "United" (Prince Ital Joe and Marky Mark song), 1994 * "United" (Robbie Williams song), 2000 * "United", a song by Danish duo Nik & Jay featuring Lisa Rowe * "United (Who We Are)", a song by XO-IQ, featured in the television se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pedro Pierluisi
Pedro Rafael Pierluisi Urrutia (born April 26, 1959) is an American politician and lawyer who served as the Governor of Puerto Rico from 2021 to 2025, having previously been the de facto governor from August 2–7, 2019. A member of New Progressive and Democratic Parties, he previously served as acting Secretary of State of Puerto Rico in 2019, as Resident Commissioner of Puerto Rico from 2009 to 2017, and as Secretary of Justice of Puerto Rico from 1993 to 1997. He was formerly a private attorney for Puerto Rico's fiscal oversight board under the Puerto Rico Oversight, Management, and Economic Stability Act. Pierluisi lost the New Progressive nomination in the 2024 gubernatorial election to Jenniffer González-Colón. Early life and education Pierluisi was born on April 26, 1959, in San Juan, Puerto Rico. His parents were Doris Urrutia and Jorge Pierluisi Diaz, former Secretary of Housing of Puerto Rico. He attended Colegio Marista Guaynabo in Guaynabo, grad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
