The government-owned corporations of Puerto 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 bonds or large indebtedness to operate, 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 —a factor that contributed significantly to the Puerto Rican government-debt crisis — with COFINA, PRASA, PRHTA, and PREPA being the largest holders.
Owned by the executive branch
 | This section lacks an overview of its topic. You can help by writing the lead section. (November 2012) |
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.
Owned by municipalities
Main article: Rafael Cordero Santiago Port of the Americas| Name in English | Abbreviation in English | Name in Spanish | Abbreviation in Spanish | Industry |
|---|---|---|---|---|
| Ponce Port Authority | PPA | Autoridad del Puerto de Ponce | APP | Transportation |
References
- ^ Méndez, Jesús; Chevres, Jaysel (2011), Comprehensive Annual Financial Report Year Ended June 30, 2011 (PDF), Department of Treasury of Puerto Rico, pp. 71–83, retrieved 25 November 2012
- "Directorio de Agencias" (in Spanish). Government of Puerto Rico. Archived from the original on February 11, 2012. Retrieved December 28, 2012.
- "Estructura Funcional del Gobierno de Puerto Rico" (PDF) (in Spanish). Puerto Rico Office of Management and Budget. Retrieved December 28, 2012.
- Marxuach, Sergio (February 11, 2013). "Repensando la AEE" (in Spanish). Center for the New Economy. Retrieved February 13, 2013.
Realidad de Hoy: 51 corporaciones públicas, $42,000 millones en deuda
- (in Spanish). Government of Puerto Rico http://www.gdb-pur.com/economy/documents/AE2013_T29.pdf. Retrieved February 25, 2015.
{{cite web}}: Missing or empty|title=(help) - "Sin cabeza el Puerto de Las Américas". La Perla del Sur (in Spanish). December 6, 2012. Paragraph 10. Retrieved December 30, 2012.
Actualmente, la APA es titular de la mayoría de los activos del Puerto de Las Américas
- Esperan al nuevo gobernador con reclamos para la región sur. Jason Rodríguez Grafal. Ponce, Puerto Rico: La Perla del Sur. (Year 36. Issue 1861. 31 July to 6 August 2019. Page 4.) 31 July 2019. Accessed 31 July 2019.
See also
| Government-owned corporations of Puerto Rico | |
|---|---|
| Banking | |
| Education | |
| Entertainment | |
| Industrial development | |
| Insurance | |
| Public utilities | |
| Real estate | |
| Travel and leisure | |
| Transportation | |
| State-owned enterprises of North America | |
|---|---|
| Sovereign states | |
| Dependencies and other territories | |