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Hacienda reports stronger-than-projected collections, faster tax‑refund processing in current filing season
Summary
Treasury officials told the House Finance Commission tax filings and refunds are running ahead of last year and collections exceed Board projections; digital systems and audits are cited as drivers.
Hacienda told the House Finance Commission that preliminary FY2025 collections have outpaced the Board of Supervisory Fiscal projections and that tax‑filing activity and refunds are progressing faster than last year.
Secretary Ángel Pantoja reported that, through the close of February, accumulated General Fund receipts for the fiscal year total about $9,346 million, roughly $276 million above the Board’s projection for the same period. Pantoja said the department expected the trend to continue through the filing season.
On filing activity, the department…
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