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CFO Jimmy Patronis: 2023 State Debt Report Shows Florida’s Economy is Leading the Way


TALLAHASSEE, Fla. – Today, Florida Chief Financial Officer (CFO) Jimmy Patronis highlighted the 2023 State Debt Report and key economic data that shows Florida’s prudent debt management has improved the economic outlook of the state’s economy.

CFO Jimmy Patronis said, “The 2023 State Debt Report reflects the benefits of prudent debt management on the economic success of the State of Florida. By living within our means, Florida has decreased state debt by $4.3 billion since 2019, while DC has increased federal debt by $9.5 trillion during that same time period. Florida’s debt burden per person is nearly 135 times less than the federal debt burden. Florida is also positioned to maintain our top AAA credit rating due to a strong economy, significant revenue growth, and healthy reserves. With this kind of terrible fiscal management in DC, it’s no wonder that inflation and interest rates have skyrocketed, making everything cost more. Washington is stealing money from our children and grandchildren and they must take control of this reckless spending and make America more like Florida.”



About CFO Jimmy Patronis
Chief Financial Officer and State Fire Marshal Jimmy Patronis is a statewide elected official and a member of Florida’s Cabinet who oversees the Department of Financial Services. CFO Patronis works each day to fight insurance fraud, support Florida’s firefighters, and ensure the state’s finances are stable to support economic growth in the state. Follow the activities of the Department on Facebook (FLDFS) and Twitter (@FLDFS).

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