Fiscal Balance in Puerto Rico

Puerto Rico Fiscal Balance | Economic News & Forecasts

Puerto Rico - Fiscal Balance

The economy almost certainly exited a six-year recession in fiscal year 2019, which ended in June, with economic activity growing every month from July 2018 to April 2019, according to the Economic Development Bank for Puerto Rico. This has fed into a lower unemployment rate, which fell to a six-month low of 7.7% in May. In politics, the federal fiscal oversight board imposed a budget for fiscal year 2020 upon the government on 1 July. The budget totaled USD 20.2 billion, down from FY 2019’s USD 20.6 billion. In addition, in June, the oversight board agreed with bondholders to restructure USD 35 billion of government debt. Both developments should help put the public finances on a more sustainable path.

Puerto Rico - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-     -     -     -     -     

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