Puerto Rico Economic Pulse ©

February 1999: Understanding the PR Budget for 2000

An easy-reading guide to a hard to read document

Great social reforms, mega projects for infrastructure, and a widening gap between recurrent revenues and expenses, but how will all this be paid for? An analysis of the complex $20b PR Budget for year 2000 provides some answers and raises many more questions. By focusing on the economic consequences of trends in revenues and expenses we provide the reader insights into the size of the budget; how we compare with other countries, how are we financing it; and how much is paid for by taxpayers, federal government, public debt. Find out whether in fact there is a balanced budget, not only in terms of revenues and expenses but indeed, in terms of economic priorities.