Friday, August 7, 2020

Puerto Rico Debt Dips Slightly to $69.2 Billion

By on April 6, 2016

Puerto Rico’s total debt went down to $69.2 billion in December from $69.9 billion previously recorded in September, according to the latest report issued by the Government Development Bank.

The report, dated March 28, puts the general obligations debt at $12.4 billion, the same amount it was in September. Cofina bonds, which are backed by the sales and use tax, remain unchanged at $15.5 billion. The central government’s debt, however, went down to $32.303 billion, down from $32.329 billion.

Total debt from the 13 public corporations shrunk to $28.2 billion in December from $28.7 billion in September, but the debt from municipalities increased slightly to $3.91 billion from $3.90 billion.

The government debt that does not compromise the public funds also went down to $4.7 billion in December from $4.9 billion in September.

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