A Bit of Debt Abstinence in Store After a Two-Year Binge
- FY99 tax collections surpass projections. Castrodad, Joselly // Caribbean Business;9/9/99, Vol. 27 Issue 35, p41
Reports on Puerto Rico's fiscal year 1999 tax revenue increase. Preliminary estimates by the Treasury Department; Crediting of expanding economy and decreasing evasion; Economic environment of the island.
- top stories of PUERTO RICO. // Caribbean Business;7/13/2000, Vol. 28 Issue 27, p66
Reports economic developments in Puerto Rico as of July 2000. Attainment of a budget accord at a summit of heads of government agencies; Involvement of United States President Bill Clinton in a search for a viable status option for the country; Discussion on a program to reduce the impact of...
- Is the government really on a diet? // Caribbean Business;11/2/2006, Vol. 34 Issue 43, p26
The author reflects on the reductions made by the local Legislature in its operational budget since 2004 in Puerto Rico. According to the author, those responsible for designing and approving the budget must do a better job at leading by example. He said the making reductions in the number of...
- Saving Puerto Rico's Financial Future. Márquez, Carlos; Teissonniere, Georgianne Ocasio // Caribbean Business;2/10/2005, Vol. 33 Issue 5, p6
Reports on the re-examination of all major economic and financial policies in Puerto Rico. Economic downturn; Reduction in government expenditures; Statements of Juan Carlos MÃ©ndez, regarding the reform in the country's fiscal policy.
- The red in black & white. Mánquez, Carlos // Caribbean Business;3/30/2006, Vol. 34 Issue 12, p18
The article reports that the Commonwealth of Puerto Rico's Comprehensive Annual Financial Report shows an increase in the primary government deficit in net assets of $1.93 billion from $12.38 billion at the beginning of fiscal year 2005. Accumulated government deficit is expected to reach $15.5...
- Deeper in the red. // Caribbean Business;3/30/2006, Vol. 34 Issue 12, p22
The article focuses on the budget deficit of Puerto Rico. The audited financial statement of the government for the fiscal year 2005 reveals that the deficit for the year was $1.93 billion. The author believes that cutting back government expenses is the best way to address the problem. Higher...
- CNE Proposes Fiscal Responsibility Law. LLORÉNS VÉLEZ, EVA // Caribbean Business;2/11/2016, Vol. 2 Issue 5, p8
The article reflects on the call of Puerto Rico's Center for a New Economy (CNE) for a fiscal responsibility law that would limit expenditures to government revenues and overhaul public financial-management systems.
- Puerto Rico: Impressive Fiscal Progress, But Challenges Remain. // Emerging Markets Monitor;4/11/2011, Vol. 17 Issue 3, p14
The article reports on the fiscal position of Puerto Rico in 2011. Structural reforms are credited for the improvement in the country's fiscal outlook. Pressure from tax cuts is expected to affect expenditure and revenues. The key feature of the reforms implemented by Governor Luis Fortuï¿½o...
- Possible Downgrade to Affect Local Mutual Funds. Albanese, Lorelei // Caribbean Business;2/2/2006, Vol. 34 Issue 4, p21
The article reports that another credit rating downgrade would affect Puerto Rico's mutual funds. A lower credit rating would increase the cost of selling debt securities in the United States tax-exempt market. It would also affect the Puerto Rican government's access to the U.S. tax-exempt...