Emisión de $ 3.5 billones hecha por Gobierno del PPD bajo investigación de la Comisión Federal de Valores (SEC)

¿ Por qué será?

Aqui el resumen:

Financial Highlights



The Commonwealth’s Primary Government, which encompasses the Commonwealth’s Governmental and

Business-Type Activities, reported, in the government-wide financial statements, a net deficit position of

approximately $49.7 billion at June 30, 2014, comprising of approximately $15.4 billion in total assets and

approximately $538 million in deferred outflows of resources, less approximately $65.5 billion in total

liabilities and approximately $103 million in deferred inflows of resources.



The net deficit position of the Commonwealth’s Primary Government increased by approximately

$2.7 billion during fiscal year 2014. The net deficit position for Governmental Activities increased by

approximately $2.7 billion and the net position for Business-Type Activities decreased by $6.2 million

during the fiscal year 2014.



The Commonwealth’s Governmental Activities had total revenue of approximately $17.8 billion for fiscal

year 2014, which was lower than total expenses of approximately $20.8 billion, but represented an increase

of approximately $1.6 billion in total revenue when compared to fiscal year 2013. The Commonwealth’s

Business-Type Activities had total revenue of approximately $1.5 billion for fiscal year 2014, which

represented a decrease of approximately $89 million when compared to fiscal year 2013.



Total expenses incurred by the Commonwealth’s Primary Government in fiscal year 2014, including

expenses of approximately $1.2 billion incurred by Business-Type Activities, were approximately

$22.0 billion, a decrease of approximately $876 million when compared to total expenses incurred during

fiscal year 2013.



The total deficiency of revenue under expenditures and general obligation debt service payments in the

General Fund (budgetary basis) for fiscal year 2014 was approximately $1.2 billion, consisting of the

difference between total actual revenue of approximately $8.7 billion (excluding other financing sources),

less the sum of total actual expenditures of approximately $9.2 billion and general obligation debt service

payments of approximately $738 million (excluding other financing uses). The variance between the U.S.

GAAP and budgetary basis deficits results from differences of accounting, entity, and perspective differences

between budgetary reporting versus those established by U.S. GAAP and followed in these financial

statements.



The Commonwealth’s Discretely Presented Component Units reported a net position of approximately $6.1

billion at June 30, 2014, comprised of approximately $52.3 billion in total assets and approximately $321

COMMONWEALTH OF PUERTO RICO

Management’s Discussion and Analysis (Unaudited)

June 30, 2014

9

(Continued)

million in deferred outflows of resources, less approximately $44.8 billion in total liabilities and

approximately $1.7 billion in deferred inflows of resources.



The net position of the Commonwealth’s Discretely Presented Component Units decreased by approximately

$3.5 billion during fiscal year 2014, as compared to fiscal year 2013.



The Commonwealth’s Aggregate Discretely Presented Component Units had total revenue of approximately

$13.2 billion (which includes $2.4 billion from the Primary Government) and total expenses of $16.7 billion

for fiscal year 2014.



The Commonwealth’s management believes that there is substantial doubt as to the ability of the Primary

Government (including the Governmental Activities carried out by certain blended component units) and of

various discretely presented component units to continue as a going concern in accordance with

Governmental Accounting Standards Board (GASB) Statement No. 56,

Codification of Accounting and

Financial Reporting Guidance Contained in the AICPA Statements on Auditing Standards

. In addition, the

Commonwealth’s management believes that the pension trust funds, included as part of the fiduciary funds,

carry a substantial risk of insolvency, if measures are not taken to significantly increase contributions to such

funds.