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Economy

Fiscal Oversight Board demands overdue revenue reports from Hacienda

The board gave Treasury Secretary Ángel Pantoja Rodríguez until Nov. 9 to provide a timeline for delivering pending data, some requested since July.

Departamento de Hacienda de Puerto Rico building in San JuanPhoto
Departamento de Hacienda de Puerto Rico building in San Juan, February 2015. Photo: User:Mattes / Wikimedia Commons, CC BY 2.0 (cropped)

The short version

  • Metro Puerto Rico reported that the Junta de Supervisión Fiscal sent a letter on Nov. 2 to Treasury Secretary Ángel Pantoja Rodríguez demanding overdue monthly revenue reports for August, September and October
  • NotiCel reported the board is still waiting for information requested in a July 23 letter including corporate income tax, non-resident withholdings and IVU data
  • Both outlets reported the board wants explanations for revenue that substantially exceeded projections in the final quarter of fiscal 2026
  • The board set a deadline of Nov. 9 for an update on the status and expected delivery dates of all pending requests

Delayed reports hinder budget process

The Junta de Supervisión Fiscal has demanded that the Departamento de Hacienda deliver overdue revenue reports and provide a timeline for pending information. In a letter dated Nov. 2 and addressed to Secretary Ángel Pantoja Rodríguez, the board's executive director Robert F. Mujica expressed concern over “continuas demoras en la presentación de información fiscal esencial”. Metro Puerto Rico reported that the missing reports cover August, September and October and that some data were first requested on July 23.

According to both Metro Puerto Rico and NotiCel, the board stated that the delays obstruct preparation of the next fiscal year's budget and undermine confidence in government finances. The letter also notes that Hacienda has not established a communication channel to address outstanding questions and technical clarifications.

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What the sources posted

Posts and statements below are the sources' own words, quoted as published. They are not independently verified.

Robert F. Mujica Executive Director, Junta de Supervisión Fiscal
La transparencia y la disciplina en la presentación de informes financieros no son principios opcionales; constituyen la base de una administración fiscal responsable y son esenciales para la recuperación de Puerto Rico a largo plazo

Our translation: Transparency and discipline in the presentation of financial reports are not optional principles; they constitute the basis of responsible fiscal administration and are essential for Puerto Rico's long-term recovery.

The source's own statement, as quoted by Metro Puerto Rico. Not verified by PuertoRico.com.

Questions remain on fiscal 2026 surplus

The Junta de Supervisión Fiscal is seeking details on revenue collections from the last quarter of fiscal 2026 that substantially exceeded expectations. Metro Puerto Rico reported the board wants to know the nature of those payments, which tax period they correspond to, and whether they represent recurring income or one-time payments.

Both outlets indicated that without complete data and explanations, the board cannot properly analyze variances between actual and projected collections or determine if changes stem from structural factors or non-recurring items. The board cited the importance of timely and reliable financial information for debt management and capital market access, referencing a 2025 GAO report.

New reporting deadlines proposed

To improve timeliness, the board requested that Hacienda deliver the monthly General Fund revenue report within 15 calendar days after each month ends, accepting preliminary figures provided final results follow within 30 days. It also asked for monthly distributions under Act 52, IVU collection breakdowns by fund, and the methodology for fiscal 2027 revenue projections.

Metro Puerto Rico reported the board further requested that technical meetings with Hacienda staff resume every two weeks. Under PROMESA, the Junta de Supervisión Fiscal gave Hacienda until Nov. 9 to submit an update on the status of each pending request along with anticipated delivery dates.

Where the sources differ

Metro Puerto Rico and NotiCel agree on the Nov. 2 letter, the specific months of missing reports (August, September, October), the July 23 request, the need for explanations on the fiscal 2026 fourth-quarter surplus, the impact on the upcoming budget process, and the Nov. 9 deadline. Metro Puerto Rico includes more direct quotes from the letter and lists additional requested items such as restoring biweekly technical meetings and specific IVU fund distributions. NotiCel places slightly stronger emphasis on the information's role in analyzing legislative proposals and economic conditions but does not materially contradict Metro Puerto Rico.

What the reports do not say

The reports do not state whether Hacienda has acknowledged receipt of the letter or provided any preliminary data. They contain no response from Secretary Ángel Pantoja Rodríguez or the Department of Hacienda. The articles do not indicate the exact dollar amount by which fourth-quarter fiscal 2026 collections exceeded projections or name the specific large payments involved.

Sources

Every link below was opened and checked when this story was published. Official means a government body, agency or the organization itself; Reporting means a news outlet.

  1. Official Junta de Supervisión Fiscal reclama a Hacienda informes de recaudos atrasadosJunta de Supervisión Fiscal (Letter to Hacienda) · metro.pr · Spanish · checked Nov 3, 1:20 PM AST
  2. Reporting Junta de Supervisión Fiscal reclama a Hacienda informes de recaudos atrasadosMetro Puerto Rico (Metro Puerto Rico) · metro.pr · Spanish · checked Nov 3, 1:20 PM AST
  3. Reporting Junta Fiscal le reclama a Hacienda informes de recaudos atrasados y fija plazo para responderNotiCel (NotiCel) · noticel.com · Spanish · checked Nov 3, 1:20 PM AST

How we checked this

Metro Puerto Rico and NotiCel both based their coverage on the same Nov. 2 letter from the Junta de Supervisión Fiscal. All details about the board's specific requests, quoted language and deadlines rest on that single document as presented by the two outlets.

EconomyFiscal Oversight BoardDepartment of TreasuryRevenue Reports

Compiled by the PuertoRico.com News Desk from the reports and statements listed above, and checked against them before publishing. It does not include original interviews. Spot an error? Email support@puertorico.com with a link to this story.

Castillo San Felipe del Morro and Old San Juan from the airNils Huenerfuerst / Wikimedia Commons · CC BY 4.0

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