(2021-09) Decree establishing the rectified budget of Haiti, FY2020-2021

MEF • 2021

Summary — Executive decree published in Le Moniteur (Special No. 45, 16 September 2021) that revises the FY2020-2021 General Budget downward, cutting the overall envelope from GDES 254.7 billion to GDES 193.0 billion (-24.2%). It re-sets domestic revenue, grants, financing, and expenditure ceilings and provides the revised table of government financial operations.

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Key Findings

Overall budget envelope cut 24.2% from GDES 254,704,000,000 to GDES 193,000,000,000.
Total revenue reduced 27.3% to GDES 96,438,046,888, driven mainly by a 35.6% drop in indirect taxes (petroleum products revenue collapsed to zero, -100%).
Total expenditure reduced 20.7% to GDES 167,706,747,190, with capital expenditure/investment financed by Treasury falling 63.1%.
The rectified TOFE shows a zero overall financing gap (capacite/besoin de financement = 0).

Full Description

This decree, issued by the Haitian Executive after deliberation in the Council of Ministers and published in Le Moniteur (Special No. 45, Thursday 16 September 2021), formally establishes the Rectified Budget for fiscal year 2020-2021 (1 October 2020 to 30 September 2021), amending the original General Budget decreed on 30 September 2020. It cites the socioeconomic situation of the country as the justification for revising the initial allocation of budget credits across administrative entities. Article 1 revises resource estimates: domestic taxes, duties and other revenue at GDES 96,438,046,888; budget-support and project-aid grants at GDES 23,882,106,707; and internal and external financing proceeds at GDES 72,679,846,405. Article 2 revises expenditure ceilings: operating credits (personnel, goods and services, transfers, and debt amortization) at GDES 147,860,000,000, and program/project expenditure credits at GDES 45,140,000,000. Article 3 sets out the full rectified table of government financial operations (Tableau des operations financieres de l'Etat, TOFE).

Topics

Geography

Time Coverage

2020-10 — 2021-09

Keywords

budget rectificatif, TOFE, MEF, exercice 2020-2021, Le Moniteur, depenses publiques, recettes fiscales, finances publiques, decret budgetaire

Entities

MEF, Ministere de la Planification et de la Cooperation Externe, BRH, CSCCA, CNMP, FMI, TAIWAN, BANDES

Notes

Publication date taken from the Le Moniteur masthead (Jeudi 16 Septembre 2021); the decree itself references the original FY2020-2021 budget decree of 30 September 2020 but is not separately dated within the visible text, so the Moniteur issue date is used as the publication month.