By The World Bank, Emmanuel Pinto Moreira
This ebook summarizes the major findings and coverage techniques of a entire prognosis of a Public Expenditure administration and monetary responsibility evaluation (PEMFAR). The PEMFAR is an workout which integrates the research of a Public Expenditure evaluate (PER), a rustic monetary responsibility review (CFAA), and a rustic Procurement overview record (CPAR). The research specializes in the linkages among public finance, progress, and poverty.
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Extra resources for Haiti: Public Expenditure Management and Financial Accountability Review (World Bank Country Study)
Example text
2 million in FY2006)7 imply that the government has little scope to shift expenditure 6. It was estimated that for PRGF eligible countries, the average central government wage bill represents about 6–7 percent of GDP. See IMF Haiti: Selected Issues. 2005. 7. The estimated exchange rate at end-2006 is US$1 = 42 gourdes. qxd 6/7/08 10 11:34 AM Page 10 A World Bank Country Study from one category to another. At the same time, capital expenditure is mainly foreignfinanced (see below). Put together, this leaves the Government with little room to maneuver and to use the budget as a policy tool to influence economic and social outcomes, unless foreign aid is geared toward achieving the Government’s own public investment program (PIP).
The reform program sought to restore macroeconomic stability, improve public finance management, and boost economic growth. Since 2004, the economic outcomes of the reform program have been satisfactory. 0 percent in FY2006, as a result of a series of revenue-enhancing measures (see Box 2). However, Haiti’s revenue performance remains weak and its revenueto-GDP ratio is one of the lowest within the LAC region and even by sub-Saharan Africa standards. qxd 6/7/08 18 11:34 AM Page 18 A World Bank Country Study Box 2: Revenue-Enhancing Measures Introduced since 2004 The following reforms have been undertaken since 2004: Internal Revenue ■ Income tax: Establishes a new individual income tax, raising the minimum taxable wage from 20,000 to 60,000 gourdes; a new corporate tax, a proportional rate of 30 percent is imposed on the net income of companies and other corporate entities; for individuals residing in Haiti, tax assessments are based on residence and, for nonresidents, on income generated in Haiti; access is provided to information held by banking institutions on taxpayers being audited.
Made by the Government to increase the allocations to social sectors in the FY2007 budget (see Chapter 5 below). Public infrastructure, especially roads, has suffered from lack of maintenance over the years. According to the ICF findings, only 5 percent of the network is considered in good condition and 15 percent in acceptable condition. The Ministry of Public Works, Transport and Communications in charge of the road network does not have the required resources— both human and financial—to ensure adequate road maintenance.