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The rum excise tax rebate and the tens of thousands of people claiming the child tax credit are among the considerations in ...
Last week, the oversight board created to stabilize Puerto Rico’s economy voted on various fiscal plans for the island that has faced years of economic turmoil. The island faces a public debt ...
Puerto Rico may have just provided the political evidence that effectively sways the minds of the public, finalizing the debate surrounding conservative fiscal policy.
Although so many of Puerto Rico’s new policies carry the politically-divisive moniker “conservative,” it is hard to argue the fact that they are working.
Puerto Rico is finally beginning to implement the debt refinancing and fiscal stabilizers called for in PROMESA. The first such debt restructuring, with the electric utility known as PREPA, will ...
By the board’s own reckoning, its taxing and spending policies will cost Puerto Rico 5.3% of gross national product growth from fiscal year 2019 to fiscal year 2024.
In 2017, Ricardo Rosselló assumed the governorship of Puerto Rico under one of the worst financial crises facing any jurisdiction in the history of the U.S. He was elected on a platform of ...
Puerto Rico Gov. Ricardo Rosselló’s proposed fiscal plan, which leaves room to pay as little as 8% of debt service, is too optimistic in its economic assumptions, two economists said this week.
Puerto Rican policymakers have taken the bull by the horns in an impressive way. Indeed, they have sliced the swollen fiscal deficit, addressed the cancerous pension system, and stabilized ...
A major precipitating factor of the fiscal crisis in Puerto Rico is Medicaid. Federal law provides that the federal government supply block grants to its territories, including Puerto Rico. Each ...
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