Thursday, July 21, 2011

Government relies on foreign corp. tax revenue

Government relies on foreign corp. tax revenue - Puerto Rico Daily Sun - Timely news about Puerto Rico, the Caribbean and the world

The increase in revenues announced by Puerto Rico’s Treasury Department is not an indicator of a rebound in the economic activity. Indicators such as unemployment, the number of people employed, and the Government Development Bank’s Index of Economic Activity (which includes employment and a sales composite of gasoline, concrete, and electricity) point to an economy still shrinking, or at best, stagnant.