Puerto Rico’s net revenue recorded to the General Fund for Fiscal 2017 (July-June) exceeded $9.3 billion, representing a $159.6 million, or 1.7 percent, increase when compared to Fiscal Year 2015-16, Treasury Secretary Raúl Maldonado-Gautier said Thursday.
Net revenues recorded to the General Fund totaled $708.8 million in May, with fiscal year-to-date (July-May) revenues reaching $8.3 billion, Treasury Secretary Raúl Maldonado Gautier said Tuesday.
The Government of Puerto Rico took a series of steps to address the expiration of the Medicaid federal funds and the commencement of the pay as you go pension plan model, given the insolvency of the Retirement Systems, with several measures to improve its liquidity, said Gerardo Portela, executive director of the Puerto Rico Fiscal Agency and Financial Advisory Authority (FAFAA.)
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