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.”
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About the CFO
Florida
Chief Financial Officer (CFO) and State Fire Marshal Blaise Ingoglia serves as
the state’s top financial watchdog, a member of the Florida Cabinet, and the
head of the Florida Department of Financial Services. As CFO, he oversees
billions of dollars in state funds and is committed to protecting taxpayer
dollars, strengthening Florida’s fiscal health, and delivering essential
services that support the state’s excellent economy. As State Fire Marshal, CFO
Ingoglia also works every day to support Florida’s first responders as they
risk their lives to serve and protect communities across the state.