Search results
Results from the WOW.Com Content Network
The Authority for the Financing of the Infrastructure of Puerto Rico Spanish: Autoridad para el Financiamiento de la Infraestructura de Puerto Rico ( AFI )— is a government-owned corporation of Puerto Rico that grants administrative and financial assistance to other Puerto Rico government-owned corporations in order to develop facilities and ...
Taxation in Puerto Rico consists of taxes paid to the United States federal government and taxes paid to the Government of the Commonwealth of Puerto Rico.Payment of taxes to the federal government, both personal and corporate, is done through the federal Internal Revenue Service (IRS), while payment of taxes to the Commonwealth government is done through the Puerto Rico Department of Treasury ...
v. t. e. The Puerto Rico fiscal agent and financing (Spanish: Agente Fiscal y Financiamiento de Puerto Rico) are a group of government-owned corporations of Puerto Rico that manage all aspects of financing for the executive branch of the government of Puerto Rico. These report to the Secretariat of Governance and the Chief of Staff, and do not ...
Financial Oversight and Management Board for Puerto Rico. Financial Oversight and Management Board for Puerto Rico (FOMBPR), colloquially known as La Junta de Control/Supervisión Fiscal is a government entity whose role to revise and approve the budget and obligations of the government of Puerto Rico was created by federal law PROMESA .
The Puerto Rican government-debt crisis was a financial crisis affecting the government of Puerto Rico. [a] The crisis began in 2014 when three major credit agencies downgraded several bond issues by Puerto Rico to "junk status" after the government was unable to demonstrate that it could pay its debt. The downgrading, in turn, prevented the ...
The Budget of the Government of Puerto Rico ( Spanish: Presupuesto del Gobierno de 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 ...
The Puerto Rican Reformist Party (Spanish: Partido Reformista Puertorriqueño) was a short-lived Puerto Rican political party. The Puerto Rican Reformist Party was founded in 1948 after the Liberal Party decided to rename themselves. Founding. After losing the 1944 resident commissioner election, the Liberal Party was on its last leg.
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. [2] During the fiscal years 2016-2017 debt rose from 93% to 95% of its gross ...