Puerto Rico Revises Plan to Reduce Debt as Optimism Dwindles
SAN JUAN, P.R. — Four months after announcing a grueling five-year plan for reducing the island’s vast debt and reviving economic growth, Puerto Rico’s top economic officials said on Monday that they had been too optimistic and revised the plan for ...
Puerto Rico revises fiscal reform plan amid growing deficit
SAN JUAN, Puerto Rico (AP) — Puerto Rico is revising a fiscal and economic reform plan to reflect a jump in the island's projected deficit and steep drop in anticipated revenues, officials said Monday. The government said the deficit is now projected to ...
Puerto Rico: Shortfall to Increase to $23.9 Billion
Puerto Rico said the island’s financial situation is worsening and increased estimates of how much the commonwealth will fall short of being able to make debt payments over the next decade to $23.9 billion. Revenue will fall short of covering principal ...
Puerto Rico's debt burden jumps to $16 billion
Puerto Rico is now facing a $16 billion financing gap over the next five years, up from the $14 billion originally projected in September, commonwealth officials said Monday. Top officials released a revised recovery plan that shows the debt burden is even ...
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