May 14, 2021

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Department of the Treasury exceeds the projection of disbursements of the payment of $ 1,400 in the first week of the process


“We are sending an average of 200 thousand payments per day from Monday to Friday and we will continue with this rate for the next few weeks, until the process is finished,” said the official.

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San Juan – A week after the distribution plan was approved and the disbursement schedule for the third Economic Impact Payment of $ 1,400 had started, the Secretary of the Department of the Treasury (DH), Francisco Parés Alicea, reported that $ 2,200 million had been sent to 937,288 families, exceeding what was projected.

“Disbursements are at an accelerated pace and as of today we have already completed 53% of the payments, this exceeds what we had planned. We anticipate that we could complete 70% in four or five weeks and we hope to exceed that figure in three weeks. We are sending an average of 200 thousand payments per day from Monday to Friday and we will continue with this rate for the next few weeks, until the process is finished, ”said the official.

To make the disbursements, the Department is using the taxpayers’ information from the 2020 Return and the 2019 Tax Return, if they have not yet filed. In the case of people who are not required to file a return, the information from the alternate form they submitted last year is being used to receive the first two incentives of $ 1,200 and $ 600, respectively.

Parés Alicea clarified that the federal aid disbursement schedule does not interrupt the processing of returns or the payment of refunds of the tax cycle for the year 2020. “Last week about $ 34 million in refunds of approximately 40,000 tax returns were sent on Income from Individuals and we will continue working in parallel with the two projects, ”he added.

On the other hand, the secretary received a visit from Governor Pedro R. Pierluisi today, to take a tour of the Information Technology Area and the Unified Internal Revenue System Project (SURI), from where the distribution of the new stimulus is being worked on economic. This aid package is part of the 2021 American Rescue Plan (ARPA) and reaches $ 3.5 billion, with the expectation of impacting approximately 2.6 million residents of Puerto Rico.

Pierluisi met with Secretary Parés Alicea and his work team, who presented him with the Strategic and Operational Plan of the Department, which includes the goals under development, among which are the implementation of fiscal policies, the transformation of accounting programs. and service innovation.



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