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Haiti - Economy : Towards further increases in fuel prices 06/04/2018 08:49:53
However, all indications are that the Government is preparing to make further increases. The announcement of a deficit of 14 billion gourdes recorded during the first quarter, revealed by the Secretary of State for Finance Ronald Décembre, deficit mainly attributable to subsidies for petroleum products and electricity and the steady pace of spending public authorities over tax revenues confirms this need. Also note that the agreement "Staff-monitored program" accepted and signed end of February 2018, by the Haitian Government with the with the International Monetary Fund (IMF) https://www.haitilibre.com/en/news-23659-haiti-economy-moise-accepts-the-program-of-control-and-the-requirements-of-the-imf.html includes important requirements, including the complete elimination of subsidies for petroleum products and electricity. All these factors go in the inevitable direction of an increase in prices at the pumps if the Government wants to avoid creating a deficit which will have consequences for the depreciation of our national currency and the cost of living. See also : https://www.haitilibre.com/en/news-23696-haiti-news-zapping.html https://www.haitilibre.com/en/news-23659-haiti-economy-moise-accepts-the-program-of-control-and-the-requirements-of-the-imf.html https://www.haitilibre.com/en/news-20940-haiti-flash-new-fuel-prices-in-haiti-official.html TB/ HaitiLibre
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