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Public Debt Of Puerto Rico
The public debt of Puerto Rico is the money borrowed by the government of Puerto Rico through the issue of securities by the Government Development Bank and other government agencies. 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. During the fiscal years 2016-2017 debt rose from 93% to 95% of its gross national product (GNP). Economists have criticized the government's fiscal policy, whose level of expenditures and indebtness has increased significantly within the past decade while the economy was grown at a much slower pace. Between 2000 and 2006 alone, Puerto Rico's GNP rose 5.37%, while its public debt's relation to GNP rose 18%. On February 4, 2014 Standard & Poor's downgraded the debt of Puerto Rico to junk status. By early 2017, the Puerto Ric ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Atlantic
''The Atlantic'' is an American magazine and multi-platform publisher. It features articles in the fields of politics, foreign affairs, business and the economy, culture and the arts, technology, and science. It was founded in 1857 in Boston, as ''The Atlantic Monthly'', a literary and cultural magazine that published leading writers' commentary on education, the abolition of slavery, and other major political issues of that time. Its founders included Francis H. Underwood and prominent writers Ralph Waldo Emerson, Oliver Wendell Holmes Sr., Henry Wadsworth Longfellow, Harriet Beecher Stowe, and John Greenleaf Whittier. James Russell Lowell was its first editor. In addition, ''The Atlantic Monthly Almanac'' was an annual almanac published for ''Atlantic Monthly'' readers during the 19th and 20th centuries. A change of name was not officially announced when the format first changed from a strict monthly (appearing 12 times a year) to a slightly lower frequency. It was a mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Debt Of Puerto Rico
The public debt of Puerto Rico is the money borrowed by the government of Puerto Rico through the issue of securities by the Government Development Bank and other government agencies. 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. During the fiscal years 2016-2017 debt rose from 93% to 95% of its gross national product (GNP). Economists have criticized the government's fiscal policy, whose level of expenditures and indebtness has increased significantly within the past decade while the economy was grown at a much slower pace. Between 2000 and 2006 alone, Puerto Rico's GNP rose 5.37%, while its public debt's relation to GNP rose 18%. On February 4, 2014 Standard & Poor's downgraded the debt of Puerto Rico to junk status. By early 2017, the Puerto Ric ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Puerto Rico Chapter 9 Uniformity Act Of 2015
, long title "to amend Title 11 of the United States Code to treat Puerto Rico as a State for purposes of chapter 9 of such title relating to the adjustment of debts of municipalities," is a bill to amend section 101(52) of Title 11 of the United States Code, to define Puerto Rico as a state regarding Chapter 9 bankruptcy protections. Its short title is the "Puerto Rico Chapter 9 Uniformity Act of 2015" and it has been called "Super Chapter 9" in public debates. publicfinancematters.com. Retrieved April 14, 2016. , the bill had gained 41 cosponsors. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Budget Of The Government Of Puerto Rico
The Budget of the Government of Puerto Rico ( es, 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 Constitution of Puerto Rico and is presented in two forms: * the General Budget, which includes the budget proposed for all the executive departments of the government of Puerto Rico, and * the Consolidated Budget, which includes: ** the budget proposed for the General Budget, ** the Public Improvements Fund, ** the Special State Funds, ** the revenue expected from the expected subsidies to be received from the federal government of the United States, ** the budget proposed for Puerto Rico's government-owned corporations, ** the revenue expected from loans expected to be taken in the upcoming fiscal year and the sale of government bonds expecte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Puerto Rico Government Budget Balance
The Budget of the Government of Puerto Rico ( es, 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 Constitution of Puerto Rico and is presented in two forms: * the General Budget, which includes the budget proposed for all the executive departments of the government of Puerto Rico, and * the Consolidated Budget, which includes: ** the budget proposed for the General Budget, ** the Public Improvements Fund, ** the Special State Funds, ** the revenue expected from the expected subsidies to be received from the federal government of the United States, ** the budget proposed for Puerto Rico's government-owned corporations, ** the revenue expected from loans expected to be taken in the upcoming fiscal year and the sale of government bonds expecte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Puerto Rican Status Referendum, 2017
A referendum on the political status of Puerto Rico was held in Puerto Rico on June 11, 2017. The referendum had three options: becoming a state of the United States, independence/ free association, or maintaining the current territorial status. Those who voted overwhelmingly chose statehood by 97%. This figure is attributed to a boycott led by the pro-status quo PPD party, which resulted in a 22.93% turnout. Four previous referendums had been held on the island to decide on its political status, the most recent in 2012. Puerto Rico has been an unincorporated territory of the United States since the conclusion of the Spanish–American War in 1898, and its residents were granted U.S. citizenship in 1917. Background The United States invaded Puerto Rico in 1898, forcing Spain to cede Puerto Rico to the United States as part of the Treaty of Paris after the end of the Spanish–American War. Since then, the island has been an unincorporated territory of the United State ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Puerto Rico (proposed State)
The Puerto Rico statehood movement ( es, movimiento estadista de Puerto Rico) aims to make Puerto Rico a state of the United States. Puerto Rico is an unincorporated territorial possession of the United States acquired in 1898 following the Spanish–American War, making it "the oldest colony in the modern world". As of 2019, the population of Puerto Rico is 3.2 million, around half the average state population and higher than that of 20 U.S. states. Competing options for the future political status of Puerto Rico include maintaining its current status, becoming fully independent, or becoming a freely associated state. Puerto Rico has held six referendums on the topic. These are non-binding, as the power to grant statehood lies with the US Congress. The most recent referendum was in November 2020, with a majority (52.52%) of those who voted opting for statehood; however, only 0.7 million of the 3.2 million Puerto Ricans who live in the archipelago voted for statehood. Alth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Welfare In Puerto Rico
Public welfare in Puerto Rico is a system of nutrition assistance, public health, education, and subsidized public housing, among others, provided to the impoverished population of the island. Federal programs The following programs are provided by the U.S. Federal government in Puerto Rico: * Head Start Program * USDA Nutrition Assistance for Puerto Rico (Programa de Asistencia Nutricional) * Section 8 (housing) * USDA Section 515 Rural Rental Housing * Community Development Block Grant * Temporary Assistance for Needy Families * USDA Rural Development programs See also * Economy of Puerto Rico * Welfare in New York * Welfare in California Welfare in California consists of federal welfare programs—which are often at least partially administered by state and county agencies—and several independent programs, which are usually administered by the counties. The largest California-s ... External links Puerto Rico Government homepage Benefits.gov Benefits Reporton Nu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of The United States
The United States is a highly developed mixed-market economy and has the world's largest nominal GDP and net wealth. It has the second-largest by purchasing power parity (PPP) behind China. It has the world's seventh-highest List of countries by GDP (nominal) per capita, per capita GDP (nominal) and the eighth-highest List of countries by GDP (PPP) per capita, per capita GDP (PPP) as of 2022. US share of Global economy is 15.78% in PPP terms in 2022. The United States has the most technologically powerful and Science and technology in the United States, innovative economy in the world. Its firms are at or near the forefront in Science and technology in the United States, technological advances, especially in artificial intelligence, computers, pharmaceuticals, and medical, aerospace, and military equipment. The United States dollar, U.S. dollar is the currency of record most used in international trade, international transactions and is the world's foremost reserve currenc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pedro Pierluisi
Pedro Rafael Pierluisi Urrutia (born April 26, 1959) is a Puerto Rican politician and lawyer currently serving as governor of Puerto Rico. He has previously served as Secretary of Justice, Resident Commissioner, acting Secretary of State, interim governor of Puerto Rico and as private attorney for Puerto Rico's fiscal oversight board under the Puerto Rico Oversight, Management, and Economic Stability Act. Early life and education Pierluisi was born on April 26, 1959, in San Juan, Puerto Rico. His parents are Jorge Pierluisi Díaz and Doris Urrutia. He attended Colegio Marista Guaynabo in Guaynabo, graduating in 1977. In 1981, he received a Bachelor of Arts degree in American History from Tulane University, and later earned a Juris Doctor degree from George Washington University Law School in 1984. He was President of the Puerto Rico Statehood Students Association chapter at Tulane University. During his studies at George Washington University, Pierluisi interned at the c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Primera Hora (Puerto Rico)
''Primera Hora'' is a daily newspaper of Puerto Rico. History It was established on November 17, 1997, by Carlos Nido and Héctor Olave. Distributed free of charge through a print edition from Monday to Friday, readers can get ''Primera Hora'' through subscription, in establishments and at traffic lights throughout the island. Reaching more than 200,000 people with its regionalized distribution, Primerahora.com is also the second most visited local news website in Puerto Rico. ''Primera Hora'' also fleshed out questions raised by Puerto Rican politicians in 2002, by publishing research findings and even conducting its own research during a national controversy over music and , a popular dance move associated with reggaeton. ''Primera Hora'' conducted its minor survey on how dancing to reggaeton Reggaeton (, ), also known as reggaetón and reguetón (), is a music style that originated in Panama during the late 1980s. It was later popularized in Puerto Rico. It has e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
