Puerto Rico outlined an increase in its financing gap on Monday. The struggling country said it now projects a $16.06 billion hole to fill over the next 5 years, an increase of $2.1 billion from a September projection.
The Government Development Bank said in an updated Fiscal and Economic Growth Plan (FEGP) that at the request of creditors, it added a 10-year financing gap projection. It now estimates its debt financing hole to grow to $23.9 billion through 2025.
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