A Prolonged Government Shutdown Threatens Puerto Rico’s Economy

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Adrian Carrasquillo reposrt on how a prolonged government shutdown threatens Puerto Rico’s economy.

Federal funding provides nearly 40 percent of all government revenue. The island’s economy has been weak in recent years, with Puerto Ricans leaving to the U.S. for better opportunity. Half of Puerto Rico’s 10,000 federal government workers will be affected. “Around 27 percent of Puerto Rico’s personal disposable income depends on federal government payments,” said Gustavo Velez, an economist at Inteligencia Economica.

Puerto Rican federal workers have already been hurt by the sequester, dealing with mandatory furloughs or unpaid days off stemming from its automatic spending cuts. “I am worried about my finances. As a single mom, head of household with three kids, I don’t know how long I will be able to sustain this,” said Brenda Reyes, an employee of the Environmental Protection Agency and a member of the AFGE union.

For more information, see http://www.buzzfeed.com/adriancarrasquillo/a-prolonged-government-shutdown-threatens-puerto-ricos-econo

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