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
Puerto Rico and the mess to come

JUNE 22, 2017 | THE DAILY CALLER

The bankruptcy, no bankruptcy, should not be done piecemeal, it needs to be comprehensive and deal with all creditors equally and fairly

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