Puerto Rico Revises Fiscal Reform Plan Amid Growing Deficit

January 18, 2016 9:03 PM

27 0

Puerto Rico is revising a fiscal reform plan to reflect a jump in the island's projected deficit and steep drop in anticipated revenues.

The government says the deficit is now projected to grow from $14 billion to $16 billion over the next five years due to the U.S. territory's worsening economic crisis.

Also read: Italy’s Fanciful Coalition Draft Draws Investors’ Incredulity—For Now

Read more

To category page