(2025-08) Budget framework circular letter for FY2025-2026
Summary — Signed by Prime Minister Alix Didier Fils-Aime on 8 August 2025, this circular letter instructs all national public administration spending authorities (ordonnateurs) on the priorities and macroeconomic assumptions for preparing the FY2025-2026 budget. It reviews FY2024-2025 execution weaknesses and sets seven strategic budget priorities anchored in the 3 April 2024 political accord.
Key Findings
- Revenue at 30 June 2025 reached 143.7 billion gourdes, 66.1% of the fiscal-year target, +15% nominal year-on-year.
- Overall expenditure execution was only 54.3% at 30 June 2025; PIP investment execution was just 18.7% for the executive as of 7 July 2025, with zero execution by the judiciary and independent institutions.
- FY2024-2025 real GDP is now estimated to contract 3.1% (vs. an initial +1% forecast), a seventh consecutive year of negative growth.
- FY2025-2026 budget framework targets +0.3% real GDP growth, 23.4% end-of-period inflation, 4.4% tax pressure, zero monetary financing, and 25 billion gourdes in net Treasury bond issuance.
- Seven priority budget chantiers set: security, elections/constitutional reform, economic recovery, food/social services, rule of law and anti-corruption, fiscal/budget modernization, and budget discipline.
Full Description
This budget framework circular, issued by the Office of the Prime Minister (Primature) and signed by Prime Minister Alix Didier Fils-Aime on 8 August 2025 in Port-au-Prince, sets out the context, macroeconomic assumptions and strategic priorities that all national public administration spending authorities (ordonnateurs) must follow when preparing their FY2025-2026 budget proposals. It reviews the FY2024-2025 rectified budget's execution: as of 30 June 2025, revenue collected reached 143.7 billion gourdes (66.1% of target, +15% nominal year-on-year), while overall expenditure execution stood at only 54.3% and investment execution under the Public Investment Program was just 18.7% for the executive branch as of 7 July 2025 (with zero execution recorded for the judiciary and independent institutions). It also reports GDP contracting an estimated 3.1% in FY2024-2025 (versus an initial +1% projection), a 2.6% contraction in H1 FY2024-2025, annual inflation of 27.2% in May 2025, a widening trade deficit (import cover by exports down to 15%), and continued exchange-rate stability policy by the Banque de la Republique d'Haiti (BRH).
The letter fixes the FY2025-2026 budget's macroeconomic framework at +0.3% real GDP growth, 23.4% end-of-period inflation, a tax pressure ratio stabilized at 4.4% (targeting a return to 5% by FY2026-2027), zero monetary financing of the deficit, and net Treasury bond issuance of 25 billion gourdes. It sets seven strategic budget priorities aligned with the 3 April 2024 political accord: (a) public security and reinforcement of the PNH/FADH; (b) constitutional reform and organization of elections (referendum and general elections); (c) economic recovery, infrastructure rehabilitation and regional relief, including support to HOPE/HELP-exposed textile exports; (d) food security and access to basic social services; (e) rule of law, justice and anti-corruption; (f) modernization of fiscal and budget administration (DGI reinforcement, new Fiscal Code entering into force 1 October 2025, SIGFiP rollout); and (g) budget discipline requiring realistic, triennial-programmed, geographically disaggregated credit proposals from all ordonnateurs.
Notes
Issued by the Office of the Prime Minister (Primature), not MEF; signed by PM Alix Didier Fils-Aime. Cover/date is explicit (Port-au-Prince, 8 aout 2025), so no inference needed for the month prefix.