A report from the Directorate of Tax Inspection at the Ministry of Economy and Finance underlines the Haitian State’s inability to repay the oil companies and the delicate situation that awaits Haiti in the coming weeks.
The report states that the State repaid the local oil companies a debt of $14.7 billion as of April 31 (the companies providing the subsidy before being reimbursed). However, from April 31 to May 10, 2019, a new debt already amounts 8.7 billion gourdes, an amount that the Haitian State must repay to allow the importation of gasoline on the local market
Faced with this situation, the report indicates that the State will have no other solution than to act on the price of petroleum products (reduction of the subsidy at the pump) to prevent a situation of scarcity and the increase of the deficit which amounts to several thousand gourdes due to the shortfall.
