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prima:GAO report: Puerto Rico’s debt is decreasing, but fiscal challenges persist

The independent federal office that reviews federal public spending issued a report that coincides with the ninth anniversary of the PROMESA law

July 2, 2025 - 12:17 PM

The GAO is an independent office that reviews federal government spending. (Sandy Schaeffer)

Washington D.C. - The Government Accountability Office (GAO) stated in a new report that although Puerto Rico’s public debt has been reduced by one-third over the past nine years under the PROMESA law, the Puerto Rican government still falls short in achieving sound fiscal management.

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