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General Fund Revenue Up in November

Intelligent Economics > Blog > General Fund Revenue Up in November

General fund revenue in Puerto Rico reached a total of $758 million for the month of November 2021. Compared to November 2020, revenue increased by $102 million, or 15.6%. Compared to the previous month, revenue was down $128 million (14.5%).

Government revenue is currently on pace to surpass both the 2020 calendar year and the 2021 fiscal year. However, December’s revenue could be lower than expected due to the large increase in COVID contagions due to the Omicron variant. This could have a significant effect on sales and income tax revenue and lead to a weak start to 2022.

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