Economics
Puerto Rico Debt Crunch Eases as U.S. Aid Lifts Surplus
- Oversight board estimates $15.2 billion cushion through 2035
- Island economy projected to increase by 1% this year
People walk through Old San Juan in Puerto Rico.
Photographer: Spencer Platt/Getty ImagesThis article is for subscribers only.
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Puerto Rico is expected to post a cumulative budget surplus of $15.2 billion through 2035 as $123.5 billion of federal disaster funds and coronavirus relief money helps boost the local economy, according to the commonwealth’s latest fiscal plan.