US Territories’ May 25-31, 2020 news week in tweets
AN ECONOMIC DISASTER LOOMS AMID FEARS OF CORONAVIRUS IN PUERTO RICO
Natalie Jaresko, executive director of the Financial Oversight and Management Board managing Puerto Rico’s finances, projected Puerto Rico’s economy would shrink by 4% this fiscal year—losses similar to what the territory experienced after Hurricane Maria in 2017.
PUERTO RICO TO SEE 65% SURPLUS DROP AMID DEBT CRISIS
A federal control board that oversees Puerto Rico’s finances said that the island could be hit with a deficit earlier than expected and see its surplus plunge by 65% in upcoming years, warning the government cannot afford to pay current debt obligations.
US VIRGIN ISLANDS WELCOMING TOURISTS AGAIN NEXT WEEK
The US Virgin Islands is welcoming back tourists as of June 1 with restrictions. There will be no quarantine required for healthy visitors and people will be free to leave their hotel or resort and explore.
RESTAURANTS IN GUAM TO WELCOME BACK DINERS
Dine-in restaurants in Guam will be allowed to reopen Friday with limitations, while Guam’s tourism can start welcoming back visitors from South Korea, Japan and Taiwan on July 1.
AMERICAN SAMOA ELECTION ON TRACK DESPITE COVID-19 DISRUPTIONS
American Samoa’s Election Office says it’s prepared to conduct the general elections on November 3 despite the COVID-19 disruptions.
RESIDENTS OF THE US TERRITORIES RECEIVED THEIR ECONOMIC STIMULUS CHECK WEEKS AFTER THOSE ON THE MAINLAND
The explanation boils down to two factors. The first being a lack of data gathering and the second being a lack of communication between the local tax authorities from each US territory and the US Department of the Treasury.