Fortune Puerto Rico’s debt crisis is about to get worse Puerto Rico’s debt, just over $70 billion, is comparable with Argentina’s—around $93 billion at the start of its 2001 crisis. Puerto Rico’s debt-to-GDP ratio of 70% isn’t too remote from Argentina’s 2001 ratio of 65%. In a debt crisis, governments can increase taxes and fees and reduce government services. Puerto Rico has already done so. […]