GAO’s biennial review used the latest available audited statements to examine territorial debt. For Puerto Rico, it highlighted continuing electric-utility restructuring and pension pressures. The report also warned that delayed financial reporting can weaken public financial decisions. Original NAPREC analysis in English and Spanish.

GAO told a House subcommittee that Puerto Rico’s fiscal conditions had improved while significant risks remained. Its testimony examined debt-crisis causes, changes since PROMESA and continuing economic vulnerabilities, providing oversight evidence rather than a prediction of statehood’s fiscal outcome. Original NAPREC analysis in English and Spanish.

GAO’s 2021 territorial debt review found that Puerto Rico remained in default while restructuring continued. The report connected repayment capacity with economic contraction, population loss, and the effects of natural disasters and the pandemic. Original NAPREC analysis in English and Spanish.

A publicly released GAO report identified weaknesses in IRS oversight of taxpayers claiming Puerto Rico-related federal exemptions. It also cautioned that the incentives’ overall economic impact on Puerto Rico was difficult to isolate. Original NAPREC analysis in English and Spanish.

GAO reviewed public debt across the territories after Puerto Rico’s major restructuring. The report highlighted energy and import costs, population loss, and extreme weather as obstacles to growth and debt repayment. Original NAPREC analysis in English and Spanish.