Puerto Rico Consolidated Fund
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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.[1]
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.[2][3]
See also
References
- ↑ "Definicion de Terminos". Estado Libre Asociado de Puerto Rico. Archived from the original on January 14, 2012. Retrieved December 1, 2014.
- ↑ "Financial statements of the Commonwealth of Puerto Rico". Departamento de Hacienda. Archived from the original on December 1, 2014. Retrieved December 1, 2014.
- ↑ "Comprehensive Annual Financial Report, Year Ended June 30, 2011" (PDF). Commonwealth of Puerto Rico. Archived from the original (PDF) on October 29, 2013. Retrieved December 1, 2014.
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