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Government
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The General Fund Net Revenues in October surpassed the projections by 25%. Net revenue was $887.1 million in October, over $141.6 million or 18% more than in October 2020. When comparing the performance of the first four months of this fiscal year with what was collected for the same period in FY 2021, the Treasure...
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Manuel Cidre Miranda, secretary of the Department of Economic Development and Commerce (DDEC) and Josué Rivera, regional director of the Federal Small Business Agency (SBA), urge small and medium-sized enterprises (SMEs) and non-profit entities to apply for the Economic Damage Disaster Loan (EIDL) if their operations have been affected by the effects of the COVID-19...
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El secretario del Departamento de Hacienda, Francisco Parés Alicea, informó que a pesar de la necesidad de que el Departamento tenga más recursos humanos y mejores condiciones de salario para estos, cerca de 1.2 millones de planillas de contribución sobre ingresos de individuos y corporaciones del año contributivo 2020 fueron procesadas, lo que representa el...
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The General Fund Net Revenues in October surpassed the projections by 25%. Net revenue was $887.1 million in October, over $141.6 million or 18% more than in October 2020. The Sales and Use tax revenues were $198 million, over $28 million or 16.5% more than in October 2020. Law 154 for foreign enterprises’ portion of...
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The Secretary of the Department of Economic Development and Trade (DDEC), Manuel Cidre Miranda announced this morning the launch of new initiatives for local small and medium businesses. These are directed at a variety of commercial activities that promote economic and job growth. “This year has been key for many citizens to take the first...
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The Net General Fund Revenue in September amounted $910,918, a reduction compared annually and to 2019. There were $24,928 less funds, or -2.6% compared to September 2020. Total General Taxes reduced by 6%, and these reduced mostly due to a 98% reduction in Insurance Premiums. For this Fiscal year (from July to September) is a...
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Net revenue into the Puerto Rico Government’s general fund in September reached a total of $910.918 million, a reduction compared to 2020 and 2019. Revenue decreased by $24.928 million, or -2.6% compared to September 2020. Total general taxes went down by 6%, and these were lower mostly due to a 98% reduction in insurance premiums....
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The US House of Representatives passed the Social Safety Net and Climate Plan. The bill is being compared to the New Deal. Democrats consider it to be one of the most important social initiatives in US history. The $1.7 trillion bill would increase the budget deficit by $367 billion from 2022 to 2031, according to...
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The US House of Representatives passed the Social Safety Net and Climate Plan. The bill is being compared to the New Deal. Democrats consider it to be one of the most important social initiatives in US history. The $1.7 trillion bill would increase the budget deficit by $367 billion from 2022 to 2031, according to...
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The following is a press release from the FOMB outlining their acceptance of the new Plan of Adjustment. La Junta de Supervisión y Administración Financiera para Puerto Rico anunció hoy su disposición para continuar con el proceso de confirmación del Plan deAjuste con el fin de reducir la deuda del Gobierno en un 80% y...
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