The San Juan Daily Star
TSA balance reduction leads $288 million overall decline in gov’t bank accounts in February
By The Star Staff
Government bank accounts totaled $18.29 billion as of Feb. 28, a $288 million decrease from the previous month, when the accounts had $18.58 billion, a Puerto Rico Fiscal Agency and Financial Advisory Authority report published in the markets says.
The March 31 unaudited report shows that the overall decrease was mostly driven by a $289 million reduction in the treasury single account (TSA) balance, a $151 million decrease in public corporations and legally separated entities, and a $5 million drop in the central government’s non-TSA balance account.
The summary shows a $155 million increase in restricted accounts and/or those subject to Title III proceedings to $1.4 billion, and a $2 million increase in pension-related accounts.
Regarding the entities with restricted accounts, the report shows that the liquidity of the Highways and Transportation Authority increased to $213.9 million as of Feb. 28, from $199.8 million as of Jan. 31.
The Puerto Rico Sales Tax Financing Corporation’s account balance decreased to $1.9 million in February, down from $2.2 million in January.
The bank account balance for the Health Insurance Administration decreased to $523.2 million on Feb. 28 from $742.4 million the previous month.
The Puerto Rico Electric Power Authority’s balance increased to $1.22 billion in February from nearly $1.08 billion the month before.
The report also included the bank account balances for other entities. The Puerto Rico Aqueduct and Sewer Authority’s account balance increased to $1.13 billion in February from $1.11 billion in January, and that of the University of Puerto Rico increased to $417.7 million in February from $380.1 million the previous month.