(2023-05) Report on the Country's Financial Situation and the Efficiency of Public Expenditure (RSFPEDP X), FY 2022-2023

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

Summary — This CSCCA report analyzes Haiti's financial situation and public spending effectiveness for the 2022-2023 fiscal year. It highlights a fifth consecutive year of economic recession (-1.9% GDP), high inflation (44.1%), and a significant increase in public debt (104.4% of GDP). The reported budget surplus was primarily due to the under-execution of investment expenditures, rather than robust financial health.

View Document View Original Source

Key Findings

Haiti experienced a fifth consecutive year of economic recession, with GDP contracting by 1.9% in 2022-2023, driven by insecurity, political instability, and brain drain.
Inflation remained exceptionally high, averaging 44.1% in 2022-2023, nearly double the government's target of 24.5%.
Public debt significantly increased to 104.4% of GDP in 2022-2023, up from 86.9% in 2021-2022, compromising long-term financial viability.
A reported budget surplus of 9.98 billion gourdes was largely artificial, resulting from the severe under-execution of investment expenditures (only 41.4% realized) and issues with budgetary transparency.
The effectiveness of public spending was hampered by a lack of alignment between objectives and executed expenditures, particularly in critical investment areas.

Full Description

The Cour Supérieure des Comptes et du Contentieux Administratif (CSCCA) presents its tenth annual report on Haiti's financial situation and public spending efficiency for the 2022-2023 fiscal year. The report details a challenging socio-economic context marked by widespread insecurity, political instability, high inflation, and significant brain drain, leading to a 1.9% contraction in GDP—the fifth consecutive year of negative growth. Public debt surged to 104.4% of GDP, signaling a very high level of indebtedness relative to the economy's capacity. Despite a projected budget of 267.5 billion gourdes, actual resource mobilization reached 204.0 billion, while expenditures were 194.1 billion, resulting in a reported surplus of 9.98 billion gourdes. However, the CSCCA notes this surplus is misleading, primarily stemming from the severe under-execution of investment expenditures (only 41.4% realized) rather than sound fiscal management. The report also highlights issues with transparency, as some public administration expenses, including those from the National Education Fund (FNE), were not fully accounted for in official budget results. Recommendations include strengthening budgetary transparency, improving investment spending execution, and diversifying domestic resource mobilization.

Topics

Geography

Time Coverage

2022-10-01 — 2023-09-30

Keywords

Haiti economy, Public finance, Budget 2022-2023, Economic recession, Inflation, Public debt, Government spending, Investment expenditures, Fiscal policy, Financial viability, CSCCA report, Insecurity, Political instability, Economic governance, Public administration

Entities

Cour Supérieure des Comptes et du Contentieux Administratif (CSCCA), Banque de la République d'Haïti (BRH), Institut Haïtien de Statistique et d'Informatique (IHSI), Ministère de l'Économie et des Finances (MEF), Direction Générale du Trésor, Comptabilité publique, Fonds Monétaire International (FMI), Banque Mondiale, Nations Unies, Ministère de la Justice et de la Sécurité publique (MJSP), Police Nationale d'Haïti (PNH), Ministère de l'Intérieur et des Collectivités territoriales (MICT), Système National de Gestion des Risques et Désastres, Ministère de la Santé Publique et de la Population (MSPP), Ministère de la Défense (MD), Ministère de la Planification et de la Coopération Externe (MPCE), Fonds National de l’Éducation (FNE), PDVSA/Venezuela, Chine-Taïwan, Banque Nationale de Crédit (BNC), Autorité Aéroportuaire Nationale (AAN), Office National d'Assurance Vieillesse (ONA), Office National de l'Aviation Civile (OFNAC), Office d'Assurance Véhicules Contre Tiers (OAVCT), Autorité Portuaire Nationale (APN), OPEC, FIDA, Coordination Nationale pour la Sécurité Alimentaire (CNSA)

Notes

Series: RSFPEDP (annual). FY2022-2023, 'RSFPEDP X' (10th edition). Publié le 2023-05-06 per site listing. Also mirrored on the homepage banner at .../1749814916_rsfpedp_2022_2023.pdf (same content, not downloaded separately).