Monday, June 30, Marie Carmelle Jean-Marie, Minister of Economy and Finance, tabled in the House of Representatives, the draft Budget Law for the year 2014-2015 in respect of the fiscal calendar the legal date fixed at 30 June The draft budget, which aims to provide concrete answers to the problems of the country, emphasizes strategic investments for the improvement of national production.

Actions and policies that will be implemented, will support the growth objective of 4.6% expected for next year. In this context of moderate economic growth: 4.3% in 2012-2013 to 3.6% in 2013-2014, the planned actions aimed at maintaining a dynamic economy stronger growth. "A pulse at the level of the offer will contribute to contain inflation within a range not exceeding 7.5% and maintain the exchange rate in adequacy with the growth objective. A slight increase in the tax burden to 13% is expected," says the Ministry

The orientations of the draft budget are primarily based on economic logic of economic growth, more important than in the recent past, characterized by levers of changes contained, inter alia, in the initiation of the program budgeting, efforts to improve the situation of staff, support to the private sector, improving access to education, and strengthening the rule of law and public governance.

"The total resources reach 122.64 billion Gourdes, or an increase of about 3.96 billion compared to fiscal year 2013-2014; By cons, external grants are expected to decline slightly from 3.96%, from 31.72 to 30.46 billion Gourdes.

Forecasts of domestic revenues have been brought to 60.1 billion Gourdes, under the effect of a moderate increase in direct and indirect taxes. The weight of internal revenue on the total project budget, which was 40% in 2012-2013, 43% in 2013-2014 will reach 49% in 2014-2015 gradually expanding margins of our budgetary autonomy through the efforts of modernization tax and customs administrations.

Current expenditures will represent 51.38 billion Gourdes, or an increase of 10.58%, with the ambition to give the administrations the means of human action and materials to achieve the objectives assigned to them; By cons, capital expenditures will be 66.62 billion while the amortization of the debt will reach 3.73 billion, an increase quite sensitive (43.74%) due the beginning of repayment of loans Petrocaribe.

The new sectoral breakdown that refines the presentation of the draft budget reveals that 43.7% of total expenditures are allocated to the economic sector, 18.4% to the political sector (all powers combined), 27.8% in social and cultural sector and finally 9.1% for other expenses with 4.1% in debt repayment."

When making the tabling of this Bill, the Minister emphasized the principles of budgetary rigor and discipline that underlie this document which emphasizes on the spending carrier of growth and jobs, the deepening of the deepening twhose strategy paper and three-year action plan was published and "now guide our efforts of modernization and of increased diversification of our funding sources."

HL/ HaitiLibre