(2020-09) Draft Budget Settlement Law and General Account of the Central State Administration, FY 2018-2019

CSCCA (Cour Supérieure des Comptes et du Contentieux Administratif) • 2020

Summary — This document presents the Draft Settlement Law and the General Account of the Central State Administration for the 2018-2019 fiscal year. It details the execution of the budget, including resources collected and expenditures made, within a challenging socio-economic and political context. The report highlights a significant budget deficit and a worsening public debt situation.

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Key Findings

The 2018-2019 budget operated under a reconducted 2017-2018 rectified budget due to socio-political instability.
Total resources collected reached 121.67 billion gourdes, achieving 83.54% of forecasts.
Total expenditures amounted to 125.78 billion gourdes, a 3% decrease from the previous year.
The fiscal year 2018-2019 concluded with a deficit of 4.11 billion gourdes.
Public debt service represented nearly 40% of collected tax revenues in 2018.

Full Description

The document provides a comprehensive overview of Haiti's public finances for the 2018-2019 fiscal year, operating under a reconducted 2017-2018 rectified budget due to socio-political instability. Total resources collected amounted to 121.67 billion gourdes, achieving 83.54% of the 145.64 billion gourdes forecast. Expenditures totaled 125.78 billion gourdes, a 3% decrease from the previous year. The fiscal year concluded with a deficit of 4.11 billion gourdes, attributed to lower-than-expected revenues and increased operating expenses. The report also notes a significant depreciation of the national currency against the US dollar and a rising inflation rate, reaching 19.5% by August 2019. Public debt service became a heavier burden, consuming nearly 40% of collected tax revenues.

Topics

Geography

Time Coverage

2018-10-01 — 2019-09-30

Keywords

Budget execution, Public finance, Fiscal year 2018-2019, Haiti economy, Government spending, Revenue collection, Budget deficit, Public debt, Inflation, Exchange rate, Socio-political context, Financial report

Entities

République d'Haïti, Ministère de l'Economie et des Finances (MEF), Direction des Comptes Publics, Direction Générale du Trésor et de la Comptabilité Publique, Institut Haïtien de Statistiques et d'Informatique (IHSI), Banque Mondiale, Banque de la République d'Haïti (BRH), Banque Nationale de Crédit (BNC), Fonds d'Urgence (FDU), Pension Civile, Fonds en Fidei Commi (FFC), Compte Spécial du Trésor pour le Développement (CSTD), Caisse d’Assistance Sociale (CAS), Fonds de Gestion des Collectivités Territoriales (CFGDCT), Jovenel MOISE, Joseph JOUTHE, Jean Walnard DORNEVAL, Michel Patrick BOISVERT, Patrix SEVERE, Nader JOISEUS, Jonas COFFY, Abner SEPTEMBRE, Myriam JEAN, Rockefeller Vincent, Louis Gonzague E. DAY, Claude JOSEPH, Audiain Fils BERNADEL, Pierre Josué Agénor CADET, Yolette ALTIDOR, Marie Gretta Roy CLEMENT, Marie Giselhaine MOMPREMIER, Ronald Gérard D'Mézard, Henriquez Pradel, Fonds Monétaire International (FMI), CONATEL, SOGEBANK, UNIBANK, SCOTIABANK, CAPITAL BANK, BUH, SOGEBEL, CITIBANK, PDVSA, CHINE-Taiwan

Notes

Series: RPLR — this MEF-issued 'Compte Général de l'Administration Centrale de l'État' (prepared by the Direction des Comptes Publics / approved by the DGTCP) is the source document underlying the RPLR certification for FY2018-2019; hosted on cscca.gouv.ht under the same 'Rapport d'Audit' listing/RPLR filter. Site 'Publié le' shows 2020-09-14.