SAN JUAN – The Puerto Rico Treasury Department unveiled Wednesday its new internal revenue system, which aims to streamline the agency’s multiple taxes and platforms, in a bid to increase efficiency, oversight and tax management.

“Welcome to the new Hacienda [Treasury Department],” said Treasury Secretary Juan Zaragoza, adding that Puerto Rico can’t return to economic growth if the agency doesn’t get fixed.

The Department of Taxation announced today the successful implementation of the first of five rollouts planned for the Tax System Modernization Program. The first rollout went into operation ahead of schedule and within budget.