Fiscal Situation Update: Fiscal Year 2012-2013 Budget

This Fiscal Update Report prepared by the Center for a New Economy (CNE) presents an independent analysis of the proposals contained in the Governor’s budget request for fiscal year 2012-2013. The analysis is based on CNE’s evaluation and interpretation of the budget data, rather than the Administration’s, and may incorporate estimates made by CNE’s staff or by other private sector analysts.
 
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Fiscal Situation Update: An Analysis of the Governor’s Proposed Budget for Fiscal Year 2012

This Fiscal Update Report prepared by the Center for a New Economy (CNE) presents an independent analysis of the proposals contained in the Governor’s budget request for fiscal year 2012. The analysis is based on CNE’s evaluation and interpretation of the budget data, rather than the Administration’s, and may incorporate estimates made by CNE’s staff or by other private sector analysts.
 
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Fiscal Situation Update: Fiscal Year 2010-2011 Budget

This Fiscal Update Report prepared by the Center for a New Economy (CNE) presents an independent analysis of the proposals contained in the Governor’s budget request for fiscal year 2010-2011. The analysis is based on CNE’s evaluation and interpretation of the budget data, rather than the Administration’s, and may incorporate estimates made by CNE’s staff or by other private sector analysts.
 
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Distribución de Ingresos en Puerto Rico

Puerto Rico se encuentra en el quinto año de una depresión económica.  Desde el 2006 el producto nacional bruto y el empleo total en Puerto Rico se han reducido por 11% y 14%, respectivamente.  La inversión interna bruta de capital fijo se ha reducido en un 25% durante ese mismo periodo.

A ese cuadro desolador le tenemos que añadir la pésima distribución de los ingresos en Puerto Rico.  De acuerdo con datos del más reciente Puerto Rico Community Survey, llevado a cabo por la Oficina del Censo de los Estados Unidos, el 20% más rico de los hogares en Puerto Rico recibió 55.3% de todos los ingresos generados en la isla.  Más aun, el 5% más rico obtuvo el 24.9% de todos los ingresos. Continue reading “Distribución de Ingresos en Puerto Rico”

Fiscal Situation Update: Fiscal Year 2009-2010 Budget

This Fiscal Update Report prepared by the Center for a New Economy (CNE) presents an independent analysis of the proposals contained in the Governor’s budget request for fiscal year 2009-2010. The analysis is based on CNE’s evaluation and interpretation of the budget data, rather than the Administration’s, and may incorporate estimates made by CNE’s staff or by other private sector analysts.
 
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Fiscal Situation Update: Fiscal Year 2008 Review

I. A preliminary look at the fiscal 2007-08 balance

About a month ago the Puerto Rico Treasury Department released the preliminary revenue figures for fiscal year 2008. General fund net revenues totaled $8.252 billion, which is $610 million, or 6.88 per cent, less than the $8.862 billion collected during the previous fiscal year.

If we compare the actual revenues received with the originally budgeted amount, we find that general fund net revenues fell $825 million, or 9.09 per cent, short of the initially expected amount of $9.077 billion. This original revenue estimate, however, was revised in March 2008. At that time, the Treasury announced it expected net general fund revenues to come in at the level of $8.671 billion. Still, actual receipts were $419 million, or 4.83 per cent, below the revised forecast and even the adjusted projections were missed.

 
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Fiscal Situation Update: Fiscal Year 2008-2009 Budget

This Fiscal Update Report prepared by the Center for a New Economy (CNE) presents an independent analysis of the proposals contained in the Governor’s budget request for fiscal year 2008-2009. The analysis is based on CNE’s evaluation and interpretation of the budget data, rather than the Administration’s, and may incorporate estimates made by CNE’s staff or by other private sector analysts.
 
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