June 11, 2021

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Bet to distribute 95% of the $ 600 stimulus in weeks | government

The Secretary of the Department of the Treasury, Francisco Parés Alicea, is betting that, once the Internal Revenue Service (IRS) approves the distribution plan of the $ 600 federal stimulus, “in a space of three to four weeks and 90% or 95% ”of payments to residents of Puerto Rico have been made.

“We submitted a distribution plan to the IRS within 10 hours of it becoming law. In essence, we intend to use the same information that participants submitted for the $ 1,200 program, even though there are a few minor changes, starting with a smaller benefit. We understand that we have the necessary information to be able to supply it to the vast majority of Puerto Ricans. That distribution plan is currently under review by the IRS. So we wait, we constantly follow up with the IRS, ”Parés Alicea said.

Upon his arrival in La Fortaleza, the owner said that today he will be following up on the matter again. “But we understand that once it is approved, the disbursement will be much more fluid because we have a large part of the information in the vast majority of cases,” said the Secretary of the Treasury, who did not provide a date on when it could be approved. the distribution plan.

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