Puerto Rico government budget balance

The Puerto Rico government budget balance is the overall result of the budget of the government of Puerto Rico over the course of a fiscal year beginning on July 1 and ending on June 30 of the following year. As of November 2012, the government's balance is experiencing a deficit of about $1.1 billion US$. The government has about $15.1 billion in total assets and $48.8 billion in total liabilities.

2011 balance sheet[1]
(in thousands)

Assets

Current assets

3,848

,674

Capital assets

7,768

,350

Other assets

3,529

,148

Total assets

15,146

,172

Liabilities

Current liabilities

4,795

,304

Noncurrent liabilities

44,028

,843

Total liabilities

48,824

,147

Undesignated, Unreserved Fund Balances

Invested in capital assets, net of related debt

3,693

,531

Restricted

2,335

,799

Unrestricted

(39,707

,305)

Total Net Assets (deficit)

$	(33,677	,975)

Economy of Puerto Rico
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History Currencies
Primary sectors Agriculture Electricity Energy Fishing
Secondary sectors Aerospace Automotives Construction Electronics Food service Pharmaceutics Petrochemicals PRIDCO Research Technology Textiles
Tertiary sectors Banking Cooperativism Education Finance Healthcare Hotel Insurance Money transfers Mortgage Private security Public utilities Recreation Real estate Retail Social programs Telecommunications Tourism Transportation Warehousing Wholesale
Entertainment Arts Filming Music News media Television
Companies Companies of Puerto Rico Government-owned corporations Public–private partnerships
Government
Agencies Department of Economic Development and Commerce Department of Treasury Economic Development Bank Government-owned corporations Planning Board Office of Management and Budget Public–Private Partnerships Authority
Assets Consolidated Fund General Fund Public Improvements Fund Special State Funds
Bond issuers AFI AFICA Authority for the Financing of the Infrastructure of Puerto Rico COFINA Government Development Bank Municipal Financing Agency
Public debt Balance Budget Bonds issued by Puerto Rico Debt crisis Public debt of Puerto Rico
Taxes Internal Revenue Code Sales and Use Tax Taxation in Puerto Rico
Trade associations Chamber of Commerce Chamber of Marketing, Industry, and Distribution of Food Made in Puerto Rico MIDA Manufacturers Association Puerto Rico Products Association United Retailers Center

Executive branch of the government of Puerto Rico
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Office of the Governor Chief of Staff Executive offices Governor's Advisory Board Office of Management and Budget Planning Board Secretariat of Governance
Chief of Staff AFICA Commission on Cooperative Development Commission on Safety and Public Protection Economic Development Bank Environmental Quality Board Federal Affairs Administration Financing of Housing Authority Financing of Puerto Rico Infrastructure Authority Government-owned corporations Government Development Bank Municipal Financing Agency Office of the Inspector General Public Financing Corporation Public-Private Partnerships Authority Secretariat of Governance
Cabinet Agriculture Cabinet-level officers Chief of Staff Consumer Affairs Corrections and Rehabilitation Economic Development and Commerce Education Family Health Housing Justice Labor and Human Resources Natural and Environmental Resources Public Safety Sports and Recreation State Transportation and Public Works Treasury
Departments Agriculture Consumer Affairs Corrections and Rehabilitation Economic Development and Commerce Education Family Health Housing Justice Labor and Human Resources Natural and Environmental Resources Public Safety Sports and Recreation State Transportation and Public Works Treasury
Finances Bonds Budget Budget balance COFINA Consolidated Fund General Fund Government Development Bank Internal Revenue Code Public debt Public Improvements Fund Special State Funds Taxation Sales and Use Tax
Processes & protocols Line of succession Transition process 2004 2008 2012
Other branches Judicial branch Legislative branch

History

Citations

Méndez & Chevres 2011, p. 19.

References

Méndez, Jesús; Chevres, Jaysel (2011), Comprehensive Annual Financial Report Year Ended June 30, 2011 (PDF), Department of Treasury of Puerto Rico, p. 19, retrieved November 25, 2012
Sobre $1,000 millones el déficit gubernamental | El Nuevo Día
Financial statements of the Commonwealth of Puerto Rico
El Presupuesto del Gobierno de Puerto Rico (PDF), archived from the original (PDF) on June 14, 2010
Presupuesto y Transferencias Federales de Puerto Rico
Puerto Rico’s Budget Deficit: An Independent View | Bondview.com
DEFINICION DE TERMINOS

Government finances in Puerto Rico
Accounting	Budget Debt crisis Government budget balance Public debt
Assets	Consolidated Fund General Fund Public Improvements Fund Special State Funds
Bond issuers	AFI AFICA Authority for the Financing of Housing Authority for the Financing of the Infrastructure of Puerto Rico COFIM COFINA Government Development Bank Municipal Financing Agency Public Financing Corporation
Bonds	Bonds issued by Puerto Rico Puerto Rico Sales Tax Revenue Bonds
Other agencies	Department of Economic Development and Commerce Department of Treasury Economic Development Bank Office of Management and Budget Planning Board Public–Private Partnerships Authority
Taxation	Internal Revenue Code Sales and Use Tax Taxation in Puerto Rico

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Puerto Rico government budget balance

History

See also

Citations

References