The government-owned corporationsofPuerto Rico —or public corporations (Spanish: corporaciones públicas)— are a set of corporate entities owned entirely or in large part by the executive branch of the government of Puerto Rico or by its municipalities. The corporations engage in commercial activities with their revenues ultimately being allocated towards the government's treasury —the Puerto Rico Consolidated Fund— or towards the corresponding municipal treasury. Some of them have been criticized since their creation since they are not profitable and depend on the issue of bondsorlarge indebtedness to operate,[1] or because they constitute a government monopoly or control a unique asset (such as a port, toll, or land).
As of 2015, the public corporations contributed to more than half of the public debt of Puerto Rico[citation needed] —a factor that contributed significantly to the Puerto Rican government-debt crisis[original research?] — with COFINA, PRASA, PRHTA, and PREPA being the largest holders.
This section lacks an overview of its topic. You can help by writing the lead section. (November 2012)
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As of November 2012, the executive branch of the government of Puerto Rico owned 52 government-owned corporations with an outstanding debt of $48.7B USD.[1][2][3][4][5]
Name in English | Abbreviation in English | Name in Spanish | Abbreviation in Spanish | Industry |
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Ponce Port Authority[6][7] | PPA | Autoridad del Puerto de Ponce | APP | Transportation |
Realidad de Hoy: 51 corporaciones públicas, $42,000 millones en deuda[…]
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Actualmente, la APA es titular de la mayoría de los activos del Puerto de Las Américas[ ... ]
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Insurance |
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Transportation |
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State-owned enterprises of North America
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