The Puerto Rico Treasury Department collected $709.3 million in February for the General Fund, a figure that was up $39.4 million, or 5.9 percent when compared to the same month last year, and $6.5 million, or 0.9 percent, below estimates.
Puerto Rico’s General Fund net collections fell short of projected estimates by $27.4 million last month, when the government collected $440.6 million, hit mostly by a drop in payments from corporations under Law 154, motor vehicle sales and individual payments.
Doral Financial Corp. and Puerto Rico government officials were back in the public eye Tuesday, when both parties took to the media to defend their reasons for a collapse in court-ordered negotiations regarding a $229 million tax refund the former is claiming, and the latter rescinded.
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