Puerto Rico’s total outstanding public debt is slightly more than its gross national product, with $61.79 billion of overall debt inching above its fiscal 2009 gross national product of $61.70 billion, according to an independent report released this week.

The Center for the New Economy, a nonpartisan think tank that analyzes fiscal policy issues in Puerto Rico, reports that the total public debt to GNP ratio is 100.15%. Commonwealth-backed debt, extra-constitutional debt, outstanding bonds of independent authorities, and municipal debt totaled roughly $61.79 billion as of June 30, compared to an estimated $61.70 billion of GNP that the island produced in fiscal 2009.

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