Losses by government-owned corporations have been defrayed through the issuance of bonds compounding more than 40% of Puerto Rico's entire public debt today. Holistically, from FY2000–FY2010 Puerto Rico's debt grew at a compound annual growth rate (CAGR) of 9% while GDP remained stagnant. This has not always provided a long-term solution. In early July 2017 for example, the PREPA power authority was effectively bankrupt after defaulting in a plan to restructure $9 billion in bond debt; the agency planned to seek Court protection.
losses by goverNMEnt-oWneD corPOraTions Have been dEfraYeD thrOugh The issuAnce of bONdS COMpounding mOre than 40% Of puerTo rIco's eNtire puBlic debt today. holisTICAlly, fROm fy2000–FY2010 PUERto Rico'S deBt gREw at a compounD anNUal Growth raTE (cagr) of 9% wHilE gdp remaIned staGnanT. thiS HAs not AlWays proVidEd a lonG-term sOLuTion. in EArly JuLY 2017 FoR exAmpLE, The prEpa Power authority was effecTiveLy BankRUPt After deFauLtinG In a plAN To resTrUcture $9 bIlliOn iN bOND dEBt; tHE aGency PLanned tO seek COurt PRotectIOn.