Puerto Rico public debt

Puerto Rico's public debt refers to the money the U.S. territory owes to creditors, a situation that has become complex and burdensome. For many years, Puerto Rico borrowed to fund public services and infrastructure, but economic challenges led to an inability to repay these debts. In 2016, the U.S. Congress enacted a law to help manage this crisis, allowing for a restructuring of the debt. This situation has significant implications for local residents, impacting public services and the economy, while raising questions about fiscal responsibility and the territory’s relationship with the federal government.