Puerto Rico revenues up $190M in Dec., IVU falls short
January 10, 2014
Puerto Rico Treasury Secretary Melba Acosta released Thursday preliminary revenue numbers for December, totaling $913 million, up by $190 million, or 26 percent, compared to last year.
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MIDA sues gov’t over Puerto Rico ‘national tax’
December 19, 2013
The Puerto Rico Marketing, Industry and Food Distribution Chamber (MIDA for its Spanish acronym), filed a lawsuit Thursday against the government, asking the San Juan Superior Court to declare the so-called “national tax” unconstitutional and order the Treasury Department to immediately publish exemption regulations.
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Puerto Rico collections up $335M YOY through Nov.
December 12, 2013
Puerto Rico Treasury Secretary Melba Acosta announced Thursday that revenues for the first five months of fiscal year 2014 exceeded collections for the same period of fiscal year 2013 by $335 million, or 12.4 percent.
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Puerto Rico Treasury steps up efforts against tax evasion
November 14, 2013
The Puerto Rico Treasury Department has referred three tax evasion cases to the Justice Department against corporations who failed to pay more than $3.6 million, Treasury Secretary Melba Acosta said Wednesday.
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Treasury reports $262M preliminary haul in October
November 4, 2013
Treasury Secretary Melba Acosta-Febo, announced that preliminary revenues for the month of October 2013 increased by $262 million compared to October 2012, and totaled $856 million for the month.
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Puerto Rico GDB discloses more public data on website
October 24, 2013
The Government Development Bank for Puerto Rico announced Wednesday that, as part of its efforts to increase transparency and improve investor relations, it has made additional disclosure materials available on its website.
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Treasury: Tax deadline looms for Puerto Rico businesses
October 22, 2013
Puerto Rico corporations that close their books based on the calendar year, have until Friday (Oct. 25) to pay their estimated taxes, as per the recently enacted amendments to Law 117, Treasury Secretary Melba Acosta said Monday.
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Puerto Rico Treasury reports $1.6B in 1Q revenue
October 15, 2013
The Puerto Rico Treasury Department disclosed Monday first quarter revenue of $1.69 billion, a figure that represents a year-over-year increase of $88 million, or 5.4 percent, and exceeded budget estimates for this period by $10.4 million, agency chief Melba Acosta said.
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Puerto Rico Treasury: September collections up 18%
October 8, 2013
The Puerto Rico Treasury Department announced Monday that September collections reflected an increase of $109 million, or 18 percent, compared to the same month last year.
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S&P revises outlook on Puerto Rico COFINA bonds
October 1, 2013
Basing its assessment on Puerto Rico’s declining economy and population, Standard & Poor's Ratings Services revised Monday its outlook on Puerto Rico Sales Tax Financing Corp.'s (known as COFINA) first- and second-lien bonds to negative from stable.
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Treasury, GDB looking to broaden COFINA’s capacity
September 26, 2013
The government’s economic team, headed by Puerto Rico Treasury Secretary Melba Acosta and Government Development Bank Interim President José Pagán confirmed the introduction of a bill to expand the Sales Tax Fund Financing Corporation's (COFINA, by its Spanish acronym) capacity to issue bonds and facilitate the execution of a more cost-effective financing for the Commonwealth.
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Treasury collections down $40M year-over-year in Aug.
September 20, 2013
The Puerto Rico Treasury Department collected $40 million less last month with $472.7 million in net revenue, down from the $513.5 million in net revenue in the books for the same month last year, according to figures the agency released Thursday.
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Puerto Rico gov’t drags $39B deficit, annual report shows
September 16, 2013
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.
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Puerto Rico Treasury collects $495M in July
August 30, 2013
Puerto Rico Treasury Secretary Melba Acosta said Thursday the government collected $495 million in General Fund revenue in July, the first month of the current fiscal year.
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Puerto Rico Treasury says it has bridged deficit by 75%
August 20, 2013
The Treasury Department has closed the gap between Puerto Rico’s actual General Fund income and the income estimated by the previous administration by 75 percent, agency chief and government CFO, Melba Acosta-Febo said Monday.
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