CNE – Centro Para Una Nueva Economía – Center for a New Economy
Non-profit, economic research and policy development organization
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Durante el a帽o fiscal 2009 la deuda p煤blica total de Puerto Rico igual贸 por primera vez en tiempos recientes el Producto Nacional Bruto (PNB) de la isla. Los economistas consideran este indicador como de gran importancia porque si la proporci贸n entre deuda y el PNB crece a una tasa r谩pida, las instituciones financieras que le prestan dinero al Gobierno podr铆an cuestionar la solvencia financiera de 茅ste y demandar intereses m谩s altos cuando le compran deuda.
La聽Junta de Planificaci贸n聽anunci贸 el viernes pasado que la reducci贸n en el Produto Nacional Bruto para el A帽o Fiscal 2009 fue de 5.5%. 聽Esa contracci贸n evidentemente fue m谩s profunda de lo que se esperaba. 聽En nuestra opini贸n esto pone en duda la posibilidad de una recuperaci贸n r谩pida en Puerto Rico.聽
Recently there has been a lot of talk among U.S. economists about “green shoots” and “seeing the light at the end of the tunnel,” popular ways of saying that the worst of the current recession is over and growth will probably resume late this year or early 2010. In Puerto Rico, however, economic indicators continue to hover in negative territory.
Here鈥檚 an excerpt from our latest report, written by Sergio Marxuach, on the worrying trends regarding Puerto Rico鈥檚 public debt. The full report is available here. We have also posted a brief interview, in Spanish, that explains the nuts and bolts of the report.
In 1923 John Maynard Keynes published his Tract on Monetary Reform, which was his first attempt to analyze the monetary instability that plagued the post-World War I world. In classic contrarian fashion, one of Keynes’ conclusions was that central bankers – by shackling tehemselves to the “barbarous relic” of the gold standard – were actually exacerbating monetary problems.
La crisis fiscal por la cual atravesamos ha provocado que nuestro gobierno tome una serie de medidas en busca de lograr estabilizar la situaci贸n. Por un lado ha aumentado varios renglones impositivos como el impuesto sobre la propiedad y una sobretasa especial para ciertos contribuyentes.
On June 29, the U.S. House of Representatives approved the American Clean Energy and Security Act by the narrow margin of 219 to 212. This comprehensive bill, which now moves on to the Senate, seeks to create clean energy jobs, achieve energy independence, and reduce global warming pollution.
Hace poco tuve una de esas experiencias frecuentes que nos unen a todos los puertorrique帽os. Estaba tratando de resolver un problema por tel茅fono con una agencia de Gobierno.
