(2024-01) Budget Execution Report as of September 30, 2023 (Q4, FY 2022-2023)

CSCCA (Cour Supérieure des Comptes et du Contentieux Administratif) • 2023

Summary — This report from the CSCCA analyzes Haiti's budget execution for the fiscal year 2022-2023, ending September 30, 2023. It highlights a low overall budget execution rate for both resources (66.51%) and expenditures (66.46%), with no recorded donations. The report also notes a significant contraction of Haiti's economy (-1.9% GDP) and high inflation (44.1%) during the period.

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Key Findings

The overall budget execution rate for resources was low at 66.51%, with a significant gap from initial forecasts, and total resources decreased by 9.66% compared to the previous fiscal year.
Domestic resources, particularly customs and internal revenues, performed well, exceeding targets and constituting 97.95% of total budgetary resources, while no donations were received.
Public expenditures were executed at 66.46% of forecasts, with current expenses dominating (74.37%) over capital investments (25.63%), which had a very low execution rate of 40.52%.
The execution rate for programs and projects was notably low at 17.76%, indicating a lack of effective participation from expected donations and loans in their financing.
The Ministry of Economy and Finance (MEF) did not submit a compliant report for the fourth quarter, providing only two tables, and the CSCCA reiterates the legal requirements for comprehensive financial reporting.

Full Description

This report by the Cour Supérieure des Comptes et du Contentieux Administratif (CSCCA) provides an in-depth analysis of Haiti's budget execution for the fiscal year 2022-2023, covering the period up to September 30, 2023. The document reveals a challenging economic context marked by political uncertainties, fuel distribution difficulties, and worsening security conditions, leading to a fifth consecutive economic contraction with a -1.9% GDP decline and an average inflation rate of 44.1%. The report indicates a low overall budget execution rate, with only 66.51% of projected resources mobilized and 66.46% of planned expenditures realized. Domestic resources, particularly customs and internal revenues, significantly exceeded their targets, financing nearly 98% of the budget, while no donations were recorded. Public spending prioritized current expenses (74.37%) over capital investments (25.63%), with a notably low execution rate for programs and projects (17.76%). The CSCCA emphasizes the need for greater attention to investment spending and highlights concerns regarding the conformity of financial documents submitted by the Ministry of Economy and Finance (MEF).

Topics

Geography

Time Coverage

2022-10-01 — 2023-09-30

Keywords

Budget execution, Public finance, Haiti, CSCCA, Fiscal year 2022-2023, Economic context, Public spending, Revenue mobilization, Debt, Monetary financing, Inflation, GDP, Government report

Entities

Cour Supérieure des Comptes et du Contentieux Administratif (CSCCA), Ministère de l'Économie et des Finances (MEF), Banque mondiale (World Bank), Institut Haïtien de Statistique et d'Informatique (IHSI), Direction Générale des Impôts (DGI), Administration Générale des Douanes (AGD), Office National d'Assurance Vieillesse, Autorité Portuaire Nationale, Office d'Assurance Véhicule Contre Tiers, Fonds Monétaire International (FMI), Banque de la République d'Haïti (BRH), Électricité d'Haïti (EDH)

Notes

Series: REBP (quarterly, cumulative). Cover page confirms 'Au 30 septembre 2023', the full-year (Q4 cumulative) execution report for FY2022-2023. Site 'Publié le' shows 2024-01-30.