Puerto Rico monthly general fund revenues $64M below estimates

Economic IndicatorsAssociated Press

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

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.

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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.