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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 ...
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 ...
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 ...
On 29 July 2007, the government approved Law Number 80, making the tax mandatory for all municipalities of the commonwealth. Also, the tax rates were changed to 6% at the state level and 1% at the municipal level. On 1 July 2015, the sales tax rate was increased from 7% to 11.5%, in response to a suffering economy.
History. 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 ...
The Government Development Bank for Puerto Rico ( GDB) — Spanish: Banco Gubernamental de Fomento para Puerto Rico ( BGF )— is the government bond issuer, intragovernmental bank, fiscal agent, and financial advisor of the government of Puerto Rico. [1] [2] The bank, along with its subsidiaries and affiliates, serves as the principal entity ...
A navigational box that can be placed at the bottom of articles. Template parameters [Edit template data] Parameter Description Type Status State state The initial visibility of the navbox Suggested values collapsed expanded autocollapse String suggested Template transclusions Transclusion maintenance Check completeness of transclusions The above documentation is transcluded from Template ...
v. t. e. The government of the Commonwealth of Puerto Rico is a republican form of government with separation of powers, subject to the jurisdiction and sovereignty of the United States. [1] [2] Article I of the Constitution of Puerto Rico defines the government and its political power and authority. The powers of the government of Puerto Rico ...