You put a Rico National debt is approximately seven to four billion dollars now citizens and community organizations are advocating for new agreement plan with creditors to salvage a new payment plan Puerto rican debt restructuring is the largest government debt restructure in us history but it hasn't been a priority due to Puerto Rico not being a state and for the same reason Puerto Rico is not allowed to declare bankruptcy Puerto Rico les crew and restructuring is taking place without an art even though the us appointed financial oversight and management board declare that at least six dollar something that or illegal putting aside the upper story of whether that came from is safe to say that the repayment of the debt has had a significant impact on Puerto Rico essential services such as the power grip pension plans health care and education right now more than 300 schools have closed across the island and the University of Puerto Rico the only public higher education system in the territory is at risk of losing its accreditation that the government spending cuts but thanks for A lot worse as the peanut was implemented this month at least 40 more years of government cuts and tax increases the source of repayment for the bonds that coffin a issue is the self stops which initially started at seven percent while increasing to 11 point five percent the highest sales tax in the entire United States of 11 percent tax five point five belongs to coffee we all agree that the repayment of this debt has been hurting the people on the island while which bankers with a significant conflict of interest are deciding and closing the deal Join a dance along with guess what under suspension and other gonna stations on April 20 fourth to urge the government to cancel the debt for more information visit our facebook audience for progress