LIVE: Treasury provides details on disbursement of $ 600 of federal economic stimulus

Through social media, the Secretary of the Department of Finance, Francisco Parés Alicea, and his work team, will offer details today on the disbursement agenda of the $ 600 Economic Impact Payment.

It was announced that the live broadcast will take place today, at 3:00 pm, on the Facebook page @DptoHacienda and YouTube channel @haciendapuertorico. Officials will also talk about the approval, by the U.S. Treasury Department, of the Treasury plan to distribute these federal funds among Puerto Rican residents.

Follow the live broadcast here:

The government announced yesterday that it has begun distributing the $ 600 economic stimulus, a process that will extend to the island for the next four weeks.

Under federal law, the incentive will be given to individuals with valid Social Security who have been resident in Puerto Rico during the tax year and who have not been claimed as dependents on the Income Contribution Record Sheet. ‘another person.

The $ 600 Economic Impact Payment to each citizen and their dependents was approved in late December as part of a package of federal measures to deal with the blow the COVID-19 pandemic has inflicted on the country. economy of the United States and its territories.

Treasury has estimated that 2.8 million residents on the island will benefit from these checks, including minors. It has been reported that the Treasury Department will send about $ 1.7 billion to Puerto Rico for the disbursement of this money.

Under federal law, the incentive payment will be $ 600 per person. If the person is married, the payment would be $ 1,200 per couple. In addition, $ 600 will be sent for each dependent under the age of 17.

This is the second federal stimulus enacted during the pandemic, as the first consisted of checks for $ 1,200 per person under the CARES Federal Act, signed in March 2020.

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