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Expert Analysis

Puerto Rico Fiscal Reform: The End Of The Beginning

By Bradley Wendt (June 14, 2017, 1:01 PM EDT) -- The financial ills of the commonwealth of Puerto Rico are well-known and documented. During the past decade, Puerto Rico's gross national product (GNP) declined by 14 percent, with a 10 percent decline in the island's population. In 2015, 46 percent of the population lived below the federal poverty line, compared to the U.S. national average of 15 percent. Today, more commonwealth citizens reside on the U.S. mainland than on the island.[1]...

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