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 Puerto Rico Form 2019

Puerto Rico PDF 2019-2025 Form

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nearly seven years after announcing it was unable to pay its debts puerto rico has now formally exited bankruptcy completing the largest public debt restructuring in u.s history nbc news digital reporter nicole acevedo joins us now with the latest hey nicole good morning so walk us through this in uh as layman's terms as possible here because we keep on throwing around these terms public this restructuring and everything so help everybody understand that when it entered bankruptcy puerto rico owed 70 billion dollars and it was actually spending 25 cents of every taxpayer dollar on debt service what are some of the takeaways from this new plan and how it all worked out well this new plan that was put into effect this week was approved earlier this year and essentially what it did is that it reduced the biggest chunk of that 70 billion dollar debt which was incurred by the central government so you're talking about nearly cutting down 33 billion dollars of that central go

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