Puerto Rico monthly general fund revenues $64M below estimates

Economic Indicators Associated Press

Puerto Rico saw revenue for its general fund grow last month, but the intake was still below expectations.

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Treasury Secretary Juan Zaragoza said Friday that early estimates show the U.S. territory took in more than $854 million in December. That was up $39 million from December 2013, but still $64 million below estimates.

More than a third of the revenue came from corporate income taxes, which Zaragoza said had reached a high for the month of December.

Puerto Rico has been struggling to emerge from a recession that has lasted eight years and to make payments on some $73 billion in public debt.