(2023-10) Decree establishing the General Budget of the Republic of Haiti, FY 2023-2024
Summary — This decree establishes the general budget for the Republic of Haiti for the 2023-2024 fiscal year, running from October 1, 2023, to September 30, 2024. It outlines the state's resources and expenditures, including fiscal and non-fiscal revenues, donations, and loans, and details various tax and financial regulations. The decree also modifies existing laws related to taxation, investment incentives, and public finance management.
Key Findings
- The general budget for 2023-2024 is established by decree due to the legislative power being inoperable.
- Domestic resources are estimated at HTG 192.82 billion, with donations at HTG 70.68 billion and financing at HTG 57.14 billion.
- Operating expenses are set at HTG 202.9 billion, and program/project expenses at HTG 117.745 billion.
- New tax regulations include a HTG 10,000 "Droit de Teinte de Véhicules" and increased excise duties on certain vehicles, tobacco (60% for imported, 25% for local), and alcohol (30% for imported, 15% for local).
- Investment incentives for free zones, agriculture, crafts, and national industry are revised, offering tax and customs exemptions for varying periods.
Full Description
This decree, published in "Le Moniteur" on September 29, 2023, formally establishes the general budget for the Republic of Haiti for the 2023-2024 fiscal year, spanning from October 1, 2023, to September 30, 2024. It outlines the state's financial framework, including estimated fiscal and non-fiscal revenues, donations, and internal and external financing. The document details the allocation of funds for public services, public debt, capital expenditures, and economic, social, and cultural interventions.
The decree also introduces significant modifications to existing tax laws and investment codes, affecting areas such as vehicle registration, excise duties on tobacco and alcohol, income tax, and incentives for free zones, agriculture, crafts, and national industry. It emphasizes the importance of financial control, accountability, and the efficient management of public funds, while also addressing the temporary inoperability of the legislative power by allowing the Executive Power to legislate by decree on matters of public interest.
Notes
Series: primary annual budget act. Site 'Publié le' date: 3 oct. 2023.