Puerto Rico gov’t projects 17% revenue growth in FY ’14
October 16, 2013
Puerto Rico government officials told investors Tuesday that the Commonwealth's Fiscal 2014 General Fund budget revenue will grow by $1.7 billion, or 17 percent, largely due to new tax measures, amendments to Law 154 and an expansion of the Sales and Use Tax (IVU, as it is known in Spanish) base.
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Government shutdown affects Puerto Rico tourism spots
October 3, 2013
The Puerto Rico Tourism Co. announced Wednesday it has activated its contingency plan to address the closing of a number of federal offices and facilities frequented by tourist, including the El San Felipe del Morro fort in Old San Juan and the El Yunque National Rainforest.
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CNE: Puerto Rico’s fiscal base has, will continue to erode
September 18, 2013
Puerto Rico's socioeconomic fiscal base has eroded and continues to erode significantly, while the central government and some public corporations are basically insolvent.
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