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  • The San Juan Daily Star

Gov’t bank balance registers close to a percentage point drop


By The Star Staff


Total government bank accounts reached $25.2 billion as of Nov. 30, 2021 but that number was a 0.9% decrease from the balance recorded the month before.


The information is contained in a report from the Puerto Rico Fiscal Agency and Financial Advisory Authority published Dec. 30.


The filing was an unaudited summary of bank account balances.


The report shows accounts decreased by $228 million from $25.43 billion recorded in October.


The difference was the result of, first, a $25 million increase in accounts restricted by the Title III proceedings, and a $13 million increase in pension-related funds.


However, there was a $151 million decrease in the non-Treasury Single Accounts (TSA), an $84 million decrease in public corporations and a $30 million decrease in central government TSA accounts.


The liquidity of the Puerto Rico Highways and Transportation Authority, which is one of the entities in bankruptcy, decreased to $255.4 million as of Nov. 30 from $259 million in October.


The bank account balance of the Puerto Rico Electric Power Authority, which is also in bankruptcy, went up to $1.34 billion in November, from $1.31 billion in October.


The Puerto Rico Sales Tax Financing Corporation’s (COFINA by its Spanish acronym) account balance decreased to $21.5 million in November, from $21.6 million in October, the report showed.


The Puerto Rico Aqueduct and Sewer Authority increased its balances to $852 million in November from $839 million in October, and the University of Puerto Rico increased its balances to $415.7 million in November from $397.3 million the previous month.

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