The $38 billion in proposed budget cuts would cost the U.S. territory of Puerto Rico $200 million that are currently allocated to it.
The current budget proposal before U.S. legislators would reduce by 10% all funds that Puerto Rico receives from the U.S. to operate. Puerto Rico’s representative in Washington, resident commissioner Pedro Pierluisi said yesterday that he puts the funding loss between $100 million to $200 million.
Residents and the island’s government is worried since Puerto Rico has been in a deep economic crisis and has one of the highest rates of unemployment in all of the U.S. The budget reduction would only exaggerate the 16% rate of unemployment and hopes for recovery.