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
Surge in pensions debt

JUNE 14, 2018 | EL NUEVO DIA (PUERTO RICO) | by Joanisabel Gonzalez

Although it will be published three years late, the audited financial statement for fiscal year 2015 will confirm an insolvency situation in practically all government branches; for the first time, Puerto Rico and the investment market will know the real impact of pension payments on the budget of dozens of agencies, public corporations and municipalities.

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