The Government Development Bank of Puerto Rico announced that the preliminary estimate of total General Fund revenues for fiscal year 2013 was $8.5 billion.

Thursday's announcement was an improvement from the $8.3 billion estimate made in the winter of 2012-2013 and reported in a Government Development Bank of Puerto Rico data report dated May 17. The data report said that the revenues in fiscal year 2013 were expected to be improved mainly by a tax amnesty in effect.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.