(2025-05) Synthesis note, state of public finances as of 31 March 2025

MEF - Ministère de l'Économie et des Finances • 2025

Summary — This synthesis note provides an overview of Haiti's public finance situation for the first semester of the 2024-2025 fiscal year, ending March 31, 2025. It highlights a global balance of 22.6 billion gourdes, a 17% increase in revenues, and a 14% rise in expenditures compared to the previous year. The report also details current revenue collection performance and public spending, including social expenditures.

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Key Findings

The global fiscal balance (engagement basis) increased by 25% to 22.6 billion gourdes by March 31, 2025, compared to 18 billion gourdes a year prior.
Current revenues reached 97.7 billion gourdes, achieving 92% of the target for the period and showing a 17% increase year-on-year.
Internal revenues grew by 18% to 62.6 billion gourdes, while customs revenues increased by 15% to 35 billion gourdes.
Public expenditures rose by 14%, with current expenditures accounting for 97% of the total and increasing by 14% annually.
Social spending reached 20.7 billion gourdes by March 31, 2025, surpassing the intermediate objective of the IMF's SMP program.

Full Description

This synthesis note from the Haitian Ministry of Economy and Finance provides a detailed analysis of the country's public finance situation for the first semester of the 2024-2025 fiscal year, covering the period up to March 31, 2025. The overall fiscal balance, on an engagement basis, reached 22.6 billion gourdes, a significant increase from 18 billion gourdes a year prior. This improvement is attributed to a 17% rise in revenues (14 billion gourdes) and a 14% increase in expenditures (9.4 billion gourdes). The document further elaborates on current revenues, noting that fiscal and customs administrations collected approximately 97.7 billion gourdes, achieving 92% of the target for the period. Internal revenues saw an 18% year-on-year increase, reaching 62.6 billion gourdes, while customs revenues grew by 15% to 35 billion gourdes. Public expenditures are characterized by a controlled growth, dominated by current expenses (97% of total), which increased by 14%. Social spending, covering key ministries like Education, Health, Social Affairs, and Agriculture, amounted to 20.7 billion gourdes, surpassing the intermediate objective set by the IMF's SMP program. The report also touches upon financing sources, including the issuance of treasury bonds and monetary financing.

Topics

Geography

Time Coverage

2024-10-01 — 2025-03-31

Keywords

Finances publiques, Haïti, budget, recettes, dépenses, gourdes, Ministère de l'Économie et des Finances, FMI, performance financière, dépenses sociales, fiscalité, douanes, solde budgétaire

Entities

Ministère de l'Économie et des Finances (MEF)|Fonds Monétaire International (FMI)|Police Nationale d'Haïti|Direction Générale des Impôts|Ministère de l'Éducation Nationale et de la Formation Professionnelle (MENFP)|Ministère de la Santé Publique et de la Population (MSPP)|Ministère des Affaires Sociales et du Travail (MAST)|Ministère de l'Agriculture, des Ressources Naturelles et du Développement Rural (MARNDR)|Trésor public|Banque de la République d'Haïti (BRH)

Notes

MEF /documentation/finance page, published 2 May 2025. Monthly cumulative outturn synthesis. Part of the FY2024-2025 note-de-synthèse series.