(2026-04) Report on the Country's Financial Situation and the Efficiency of Public Expenditure (RSFPEDP XI), FY 2023-2024

CSCCA (Cour Supérieure des Comptes et du Contentieux Administratif) • 2024

Summary — Haiti's economy faced a severe 4.2% recession in 2023-2024, marking its sixth consecutive year of negative growth, coupled with high inflation averaging 25.8% and worsening food insecurity affecting over 5.4 million people. Despite a recorded budget surplus of 6.4 billion gourdes, this was primarily due to the significant under-execution of public investment expenditures, reflecting persistent challenges in public finance management and the impact of widespread insecurity. The report highlights the limited effectiveness of public spending in stimulating growth and improving social conditions.

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Key Findings

Haiti's economy experienced a 4.2% recession in 2023-2024, marking the sixth consecutive year of negative growth.
Inflation remained high at an average of 25.8% in 2023-2024, eroding household purchasing power.
A budget surplus of 6.4 billion gourdes was recorded, but it resulted from the under-execution of planned investment expenditures, not improved fiscal discipline.
Public investment spending was severely under-executed (43.8% for programs and projects), hindering economic growth and development.
The public debt-to-GDP ratio decreased to 73.4% due to the cancellation of the PetroCaribe debt, but the overall debt level remains high and concentrated with the BRH.
Food insecurity worsened, with over 5.4 million people needing assistance, largely due to armed violence and economic paralysis.

Full Description

The 2023-2024 fiscal year confirmed a severe economic downturn in Haiti, with the economy experiencing a 4.2% recession, marking the sixth consecutive year of negative growth. This persistent contraction, combined with an average inflation rate of 25.8% and a worsening food insecurity situation affecting over 5.4 million people, underscores the widespread fragility of the socio-economic fabric and the country's resilience capacity. Public finances also faced significant challenges; the initial budget of 320.6 billion gourdes was reduced to 254.8 billion in a rectifying budget due to insufficient resource mobilization. While a budget surplus of 6.4 billion gourdes was recorded, the Court emphasizes that this surplus does not reflect a consolidation of public finances. Instead, it primarily stems from a persistent under-execution of investment expenditures, revealing the public administration's difficulty in coherently directing resources towards strengthening the country's productive sector. The report highlights significant discrepancies between defined objectives and available means, with operating expenses accounting for nearly 70% of the executed budget, thereby limiting the portion allocated to investment.

Topics

Geography

Time Coverage

2023-10-01 — 2024-09-30

Keywords

Haiti, economy, public finance, budget, recession, inflation, public expenditure, investment, debt, food security, governance, economic development, fiscal policy, social programs, CSCCA, 2023-2024

Entities

Cour Supérieure des Comptes et du Contentieux Administratif (CSCCA), Banque de la République d’Haïti (BRH), Fonds Monétaire International (FMI), Institut Haïtien de Statistique et d’Informatique (IHSI), Ministère de l’Économie et des Finances (MEF), Ministère de la Justice et de la Sécurité Publique (MJSP), Ministère du Commerce et de l’Industrie (MCI), Ministère de l’Éducation Nationale et de la Formation Professionnelle (MENFP), Ministère de l’Environnement (MDE), Ministère de la Jeunesse, des Sports et de l’Action Civique (MJSAC), Police Nationale d’Haïti (PNH), Parlement, Gouvernement, PDVSA, Organisation des Nations Unies pour l’alimentation et l’agriculture (FAO), Commission Nationale des Marchés Publics (CNMP), Agence Nationale des Aires Protégées (ANAP), Observatoire National de la Qualité de l’Environnement et de la Vulnérabilité (ONQEV), Ministère de la Santé Publique et de la Population (MSPP)

Notes

Series: RSFPEDP (annual). FY2023-2024 (Oct 2023-Sep 2024), report labeled 'RSFPEDP XI' (11th edition). Found on cscca.gouv.ht/document/rapport_audit listing page 1, publié le 2026-04-21. A second, byte-different upload of the same title/date exists at .../1776779684_RSFPEDP_2023-2024_Final_25_03_26.pdf (not downloaded, treated as a duplicate site upload).