Haiti - Economy : Submission of draft finance law for the year 2013-2014
Thursday afternoon, in accordance with the constitutional deadline, Wilson Laleau, Minister of Economy and Finance filed to the Lower House, the draft finance law (State Budget) for the year 2013-2014.
The budget of 126 billion and 400 million gourdes is smaller of about 5 billion gourdes from the 2012-2013 budget [131 billion]. Pending ratification and the details of the budget, according to the deputy of Cerca-Cavajal 64% of the budget would be allocated to investment and 36% to the functioning of the state.
For many observers, the decrease in this new budget "more realistic", is due to a decrease of state resources caused in part by overly optimistic revenue objectives.
For his part, the Minister Laleau justifies this budget reduction by delays in the implementation of some projects...
