(2025-10) Adoption of the 2025-2026 Budget in the Council of Ministers
Summary — Communiqué announcing the government's adoption on 9 October 2025 of the FY2025-2026 budget, totaling 345.5 billion gourdes (up 6.8% from the FY2024-2025 rectified budget), at its first Council of Ministers held at the National Palace. The budget prioritizes public security restoration, election organization, and macroeconomic stabilization, with detailed revenue and expenditure breakdowns and macroeconomic projections (0.3% GDP growth, 23.4% end-of-period inflation).
Key Findings
- FY2025-2026 budget totals 345.5 billion gourdes, up 6.8% versus the FY2024-2025 rectified budget.
- Real GDP growth projected at only 0.3% with end-of-period inflation at 23.4% and fiscal pressure falling to 4.3%.
- Domestic resources (DGI/AGD collections, treasury bills, internal financing) cover 80.9% of the budget envelope.
- Current expenditure (213.6 billion gourdes) is 61.8% of the total, dominated by personnel costs (32.4%).
- Budget priorities center on security-force reinforcement, election financing via the Basket Fund, and a new Centrale des Bilans for financial transparency.
Full Description
At its first Council of Ministers session held at the National Palace on Thursday, 9 October 2025, the transition government adopted the FY2025-2026 budget, worth 345.5 billion gourdes, a 6.8% increase over the FY2024-2025 rectified budget. The communiqué frames the budget as reinforcing the transition's strategic priorities: restoring public security (treated as a factor of production), organizing inclusive general elections fully financed via the Basket Fund, and macroeconomic stabilization, consistent with the political accord of 3 April 2024. Strategic orientations include debt-of-law reinforcement, anti-corruption efforts, food security, fiscal and budgetary administration modernization, and a territorialized approach emphasizing departmentalized spending.
Macroeconomic projections underlying the budget include 0.3% real GDP growth, 23.4% end-of-period inflation, an expected 4.3% fiscal-pressure ratio (down from 2024-2025), a target to raise fiscal pressure from 2026-2027 onward, zero net monetary financing, and 29.2 billion gourdes in net treasury-bill issuance. Domestic resources (DGI and AGD collections, treasury bills, and internal project financing) fund 80.9% of the envelope, with grants and loans covering 19.1%. Current expenditure (213.6 billion gourdes, 61.8% of the total) is dominated by personnel costs (32.4%) and goods and services (19.1%), while capital expenditure (131.9 billion gourdes, 38.2%) is financed 46.7% domestically and 53.3% externally. Sectoral priorities detailed include police and armed forces reinforcement, CEP electoral-capacity strengthening, textile-sector relief, a new Centrale des Bilans to improve financial transparency, and expanded social protection (cash transfers, health-facility reopening, school rehabilitation).