Rahul Sharma (Editor)

Puerto Rico Consolidated Fund

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Puerto Rico Consolidated Fund

The Puerto Rico Consolidated Fund (Spanish: Fondo Consolidado de Puerto Rico) is the sum of all revenues collected by the government of Puerto Rico; in specific, it includes:

  • the revenues collected from the Puerto Rico General Fund,
  • the Public Improvements Fund,
  • the Special State Funds,
  • the revenues collected as subsidies from the federal government of the United States,
  • the revenues collected from Puerto Rico's government-owned corporations,
  • the revenues collected from loans undertaken during the fiscal year and the revenues collected from the sale of government bonds undergone during the fiscal year, and
  • other funds.

    • The Fund was about $31.4 billion USD for the 2010 fiscal year, constituting a deficit. Although the Department of Treasury doesn't provide contemporary figures, the Fund is expected to decrease by 5.7% or about $1.8 billion for the 2011 fiscal year, followed by an increase of 4% or about $1.2 billion for the 2011 year, and then decrease once again by 5.3% or about $1.6 billion for the 2013 fiscal year.

    References

    Puerto Rico Consolidated Fund Wikipedia
    (Text) CC BY-SA