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The economy of Puerto Rico is classified as a high-income economy by the World Bank and as the most competitive economy in Latin America by the World Economic Forum. [14] [15] The main drivers of Puerto Rico's economy are manufacturing, which primarily includes pharmaceuticals, textiles, petrochemicals, and electronics; followed by the service industry, notably finance, insurance, real estate ...
This is a table of the total federal tax revenue by state, federal district, and territory collected by the U.S. Internal Revenue Service.. Gross Collections indicates the total federal tax revenue collected by the IRS from each U.S. state, the District of Columbia, and Puerto Rico.
For practical reasons the budget is divided into two aspects: a "general budget" which comprises the assignments funded exclusively by the Department of Treasury of Puerto Rico, and the "consolidated budget" which comprises the assignments funded by the general budget, by Puerto Rico's government-owned corporations, by revenue expected from loans, by the sale of government bonds, by subsidies ...
Because of this, Puerto Rico has been called the "welfare island". [7] People from the Dominican Republic do many of the jobs in Puerto Rico that pay too little to attract the locals. [7] However, proponents of the program argue that Puerto Rico's social condition is in far worse shape than any of the 50 U.S. states. [33]
Employees may receive up to EUR 3 per day spent exclusively working from home and there is an upper limit of EUR 300 per year. If the amount paid by employer is lower than the maximum (EUR 300) then the employee has the right to include the difference as an income related expense.
After the defeat of Alexandra Lúgaro as an independent candidate and Rafael Bernabe Riefkohl as the candidate for the Working People's Party in the 2016 Puerto Rico gubernatorial election, the two candidates joined with other Puerto Rican politicians in March 2019 to form a new political party called Movimiento Victoria Ciudadana (Citizen's ...
It is essential for Puerto Rico to reach restructuring deals to avoid a bankruptcy-like process under PROMESA. [12] An internal survey conducted by the Puerto Rican Economists Association revealed that the majority of Puerto Rican economists reject the policy recommendations of the Board and the Rosselló government, with more than 80% of ...
Jalisco, [a] officially the Free and Sovereign State of Jalisco, [b] is one of the 31 states which, along with Mexico City, comprise the 32 Federal Entities of Mexico. It is located in western Mexico and is bordered by six states, Nayarit , Zacatecas , Aguascalientes , Guanajuato , Michoacán , and Colima .