Haiti - Economy : A fiscal imbalance undermines some objectives ?
Wilson Laleau, Minister of Economy and Finance, found that it is too early to talk about budget deficit, while recognizing that some forecasts in the 2012-2013 budget, could not materialize. He attributes among others, this situation to the low fiscal (tax) pressure in Haiti, which does not exceed 12%, which does not allow the state to collect more than $ 700 million, saying the lack of revenue will necessarily affect the achievement of certain fiscal objectives.
Recalling that the tax pressure rate in the Caribbean region is between 18 and 23%, he cites the example of the Dominican Republic, which with an equal population with Haiti, has a rate of 20%, allowing the neighboring Republic to collect between 11 and 12 billion dollars for its development [on a GDP of 56 billion]...
According to the Minister Laleau, the ratio of Haitian fiscal pressure is too low to generate the long-awaited development. To that combines significant loss of petroleum revenues due to government subsidies to consumers aimed at not impact the upward fluctuation of fuel prices [to amortize the cost of living], which represents hundreds of millions of dollars since March 2010...
Explanations and comparisons, which are far from satisfying some observers, who point out that the increase in the tax pressure rate in Haiti will not solve anything [on the contrary] if economic growth is not at the rendezvous, the two factors are inextricably linked.
