More than 64% of General Fund allocated to education, health care, public safety and pensions. #NewsismyBusiness
The government’s CFO said July revenue exceeded fiscal board projections, showing a positive start to the fiscal year. #NewsismyBusiness
Cumulative collections as of March for Fiscal 2022 were $510.1 million or 7% more than what was collected in the previous fiscal year.
Net revenues to the General Fund totaled $1.2 billion in March 2019, a “new historic level for a month of March,” Puerto Rico Treasury Secretary Raúl Maldonado said. “This monthly revenue exceeded the Oct. 23, 2018 Certified Fiscal Plan revised projections by $259.1 million. This fiscal year, March has reflected the best performance compared to […]
Gov. Ricardo Rosselló presented Wednesday a budget of $9.5 billion to Puerto Rico’s Legislative Assembly, which guarantees essential services and pension payments, and which also makes contributory justice for the citizens of the island, he said.
General Fund net revenues in August totaled $550 million, $10.3 million, or 1.9 percent, above estimates, Treasury Secretary Juan Zaragoza-Gómez said Thursday.
Puerto Rico Gov. Alejandro García-Padilla introduced Wednesday the measure paving the way for a $9.8 billion General Fund budget, and a $28.8 billion consolidated budget for Fiscal 2016.
Puerto Rico General Fund revenue collections reached $676 million in October, beating government estimates by $7 million. However, the results were $185.6 million less when bumped up against October 2013 figures.
Puerto Rico’s government agencies, certain corporations and other entities are dragging a combined $39 billion net asset deficit, which represents an increase of approximately $5.3 billion when compared to the fiscal year ended June 30, 2011.
Puerto Rico’s public finances have stabilized but are still weak, its indebtedness levels and rates are unsustainable, its fiscal viability over the medium term is uncertain, and its economic outlook remains quite modest, said the Center for the New Economy’s Policy Director Sergio Marxuach during an analysis of the administration’s current and future budgetary activity.
Gov. Luis Fortuño unveiled Tuesday a $9.082 billion general fund budget proposal for fiscal 2013, representing a 2 percent reduction from the $9.260 billion budget in effect through June 30.
General fund collections reached $625 million in May, representing an increase of $88 million, or 16.4 percent when compared to the same month in 2010, the Treasury Department said Monday.
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