Puerto Rico Governor on Budget Gap, Creditor Negotiations

The video discusses Puerto Rico's efforts to establish a federally supported plebiscite to decide between statehood and independence. It highlights the enactment of 14 bills aimed at fiscal responsibility, economic growth, and social well-being. The governor outlines a fiscal plan to right-size the government without drastic workforce cuts, emphasizing transparency and negotiation with bondholders. The video also addresses the politically sensitive issue of a potential bailout, advocating for collaboration with the federal government while ensuring Puerto Rico's fiscal responsibility.

What is the primary purpose of the federally supported plebiscite in Puerto Rico?

• To implement new social programs

• To elect new government officials

• To choose between statehood and independence

• To decide on new economic policies

What is one of the main challenges mentioned in the fiscal plan for Puerto Rico?

• Increasing tourism

• Reducing healthcare costs

• Improving infrastructure

• Expanding the workforce

What is a proposed strategy to avoid a devastating economic impact in Puerto Rico?

• Increasing taxes

• Right-sizing the government

• Cutting educational funding

• Reducing the workforce by 30%

Why is transparency important in negotiations with bondholders?

• To increase investment

• To ensure a willingness to pay

• To reduce government size

• To improve healthcare

What was lacking in previous negotiations with bondholders?

• Economic growth

• Government support

• Public interest

• Visibility and transparency

What is the stance of the Puerto Rican administration on a bailout?

• They are actively seeking a bailout

• They are indifferent to a bailout

• They want to avoid a bailout

• They have already received a bailout

What is emphasized as a responsibility of Congress towards Puerto Rico?

• Providing financial aid

• Promoting tourism

• Respecting Puerto Rican citizens as American citizens

• Increasing military presence