Talk:Public debt of Puerto Rico

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added missing comment section

"...making it one of the most indebted countries by percentage in the world, even more than the United States." Puerto Rico is a territory of the United States. It isn't a country. — Preceding unsigned comment added by 2600:6C58:757F:E403:9C8C:8A3:7AFA:60DA (talk) 04:52, 6 August 2017 (UTC)[reply]

The bond debt is actually $69 to 70 billion

Is this article far out of date or what? See Puerto Rican government-debt crisis.

The debt in Jan. 2017 is $69 or $70 million. Not nearly $200 billion claimed by this article for 2013. Public debt of Puerto Rico needs a major update but I do not have time to do so.

I have just updated the articles about Puerto Rico, Economy of Puerto Rico and Puerto Rico government-debt crisis but those were not very far out of date; they included 2016 info.

FACTS: By mid January 2017, the debt had reached $70 billion or $12,000 per capita in a territory with a 45 percent poverty rate and double digit unemployment that is more than twice the mainland U.S. average. http://www.thefiscaltimes.com/latestnews/2017/01/18/Puerto-Rico-oversight-board-favors-more-time-restructuring-talks |title=Puerto Rico oversight board favors more time for restructuring talks |author=Nick Brown, Reuters |date=January 18, 2017 |website=Fiscal Times |publisher=The Fiscal Times |access-date=February 16, 2017.}} AND http://www.forbes.com/sites/debtwire/2017/01/23/united-states-virgin-islands-risks-capsizing-under-weight-of-debt/#570913e73673 |title=United States Virgin Islands Risks Capsizing Under Weight Of Debt |last=Baribeau |first=Simone |date=January 23, 2017 |website=Forbes |publisher=Forbes |access-date=February 15, 2017}} The debt had been increasing during a decade long recession. author=Associated Press |title=Puerto Rico Gets More Time |url=http://www.starherald.com/news/nation_world/puerto-rico-gets-more-time-to-propose-fiscal-plan/article_b805f0e6-f333-5d33-8d94-d29a610d820a.html |newspaper=Star Herald |location=Scottsbluff, ME |date=January 29, 2017 |access-date=February 16, 2017}} Peter K Burian (talk) 22:44, 16 February 2017 (UTC)[reply]

see Puerto Rican government-debt crisis

Quote:

The Puerto Rican debt crisis is an ongoing financial crisis related to the amount of debt owed by the government of Puerto Rico. The island has more than $70 billion USD of outstanding debt, with a debt-to-GDP ratio of about 68%.[b] In February 2014, various American credit rating agencies downgraded the government's debt to non-investment grade.

The crisis has caused Puerto Rico's government to adopt policies that will ideally reduce costs drastically, increase revenues, and spark economic growth so that it can better fund its debt obligations. Puerto Rico's economy has been described as precarious, weak, and fragile, and aggravated by social distrust and unpleasantness.[c][d]

On August 3, 2015, Puerto Rico defaulted on a $58 million bond payment to the Public Financing Corporation, a subsidiary of the Government Development Bank, while other financial obligations were met.[4] Peter K Burian (talk) 20:51, 17 February 2017 (UTC)[reply]