Press Release

Puerto Rico Sales Tax Financing Corporation Releases 2024 Annual Report

San Juan, Puerto Rico – The Puerto Rico Sales Tax Financing Corporation (COFINA) proudly announces the publication of its 2024 Annual Financial Information and Operating Data Report. The report, which will be available on COFINA’s website and the Municipal Securities Rulemaking Board’s EMMA platform, provides an in-depth look at COFINA’s financial performance and operational highlights for the fiscal year ending June 30, 2024.

Key Highlights of the 2024 Annual Report:

• Financial Resilience: COFINA achieved a balance of $17.86 million by November 2024.
• Sales Tax Performance: Total Sales and Use Tax collections reached a record $3.66 billion, reflecting robust economic activity.
• Debt Obligations Met: COFINA successfully fulfilled its bond obligations, with $430 million allocated for interest payments and $74.2 million for principal payments in FY2024.
• Transparency Commitment: This report is part of COFINA’s continuing disclosure obligations under its 2019 Continuing Disclosure Agreement.

The report also highlights COFINA’s pivotal role in managing revenues derived from the Puerto Rico Sales and Use Tax, ensuring fiscal responsibility and the timely fulfillment of debt obligations.

COFINA remains committed to transparency and excellence in financial management as it continues to support Puerto Rico’s economic development.

For more information, please visit www.cofina.pr.gov.