In November 2022, Puerto Rico’s inter-annual inflation was set at 6.3%.

Net income that flowed into the Commonwealth’s General Fund for July and August reached $801.1 million and $675 million, respectively, for a total of about $1.5 billion, which exceeded collections projections by $176.9 million, Puerto Rico Treasury Secretary Francisco Parés said. Income tax collections for individuals and corporations exceeded the projection by $51.2 million or […]

Net income accrued at the close of Fiscal 2021 totaled $11.7 billion, exceeding the projection by about $606.1 million or 5.5%, Puerto Rico Treasury Department Secretary Francisco Parés confirmed. Furthermore, he noted that the preliminary net income for June 2021 totaled $1.4 billion. This figure exceeded both the income for the same period during the […]