(2025-06) Synthesis note, state of public finances as of 31 May 2025

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

Summary — Haiti's public finances for the first eight months of the 2024-2025 fiscal year show a global balance of 22 billion gourdes, a decrease from the previous year. Current revenues reached 127.8 billion gourdes, representing 89% of the target. Public expenditures, primarily current expenses, increased by 25%, with social spending reaching 94% of the IMF-agreed target.

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Key Findings

The global fiscal balance (engagement basis) for the first eight months of FY 2024-2025 was 22 billion gourdes, a 16% decrease from the previous year.
Current revenues reached 127.8 billion gourdes, achieving 89% of the period's target and 91% of the June 2025 target under the IMF program.
Internal revenues increased by 15% and customs duties by 17%, significantly boosted by petroleum taxation.
Public expenditures showed controlled growth, with current expenses dominating at 95% of the total and increasing by 22% year-on-year.
Social expenditures totaled 27.9 billion gourdes, representing 94% of the target set within the SMP/IMF framework.

Full Description

This synthesis note provides an overview of Haiti's public finance situation as of May 31, 2025, covering the first eight months of the 2024-2025 fiscal year. The overall fiscal balance (on an accrual basis) stood at 22 billion gourdes, a 16% decrease from 26.1 billion gourdes recorded a year prior. This decline is attributed to a 25% increase in expenditures (21.2 billion gourdes) coupled with a 16% rise in revenues (17.2 billion gourdes). Current revenues totaled 127.8 billion gourdes, achieving 89% of the period's target and 91% of the June 2025 target under the IMF's Staff-Monitored Program. Internal revenues grew by 15% to 81.4 billion gourdes, while customs duties increased by 17% to 46.2 billion gourdes, significantly boosted by petroleum taxation. Public expenditures showed controlled growth, with current expenses dominating at 95% of the total and increasing by 22% year-on-year. Social expenditures, targeting key ministries like Education, Health, Social Affairs, and Agriculture, reached 27.9 billion gourdes, representing 94% of the SMP/IMF target. The Treasury's net emissions of public securities increased by 15%, while monetary financing showed a negative balance.

Topics

Geography

Time Coverage

2024-10-01 — 2025-05-31

Keywords

finances publiques, budget, recettes fiscales, dépenses publiques, solde budgétaire, Haïti, FMI, Ministère de l'Économie et des Finances, dépenses sociales, fiscalité pétrolière, dette publique, exercice fiscal

Entities

Ministère de l'Économie et des Finances (MEF), Fonds Monétaire International (FMI), 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), Police Nationale d'Haïti, Direction Générale des Impôts, Trésor public, Banque de la République d'Haïti (BRH)

Notes

MEF /documentation/finance page, published 20 Jun 2025. Monthly cumulative (FY-to-date) narrative synthesis of fiscal outturn — the prose counterpart to the monthly TOFE data. NOTE: this is a recurring monthly series; four FY2024-2025 issues (Feb/Mar/Apr/May) are included here, more exist over time — not exhaustive by design.