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

Through social networks, the Secretary of the Treasury Department, Francisco Parés Alicea, and his work team, will provide today details about the payment program of the economic impact payment of 600 USD.

It was announced that the live broadcast will take place today, at 15:00, on the Facebook page @DptoHacienda and on the YouTube channel @haciendapuertorico. Officials will also talk about the approval by the U.S. Treasury Department of the Treasury’s plan to distribute these federal funds among Puerto Rican residents.

Watch the live broadcast here:

The government announced yesterday that it has begun distributing the $ 600 economic incentive, a process that will continue on the island for the next four weeks.

As required by federal law, the incentive will be received by people with valid social security who were resident in Puerto Rico during the tax year and who were not claimed as dependent on another person’s income tax return.

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 impact of the COVID-19 pandemic on the state’s economy. United States and its states. territories.

The treasury estimates that 2.8 million people on the island will benefit from these checks, including minors. It is reported that the Treasury Department will send about $ 1.7 billion to Puerto Rico to pay for 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 to each dependent under the age of 17.

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

Stay tuned to elnuevodia.com to update this story.