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7657: GOH's Budget Deficit (fwd)
From: Max Blanchet <firstname.lastname@example.org>
According to Agence Ha´tienne de Presse, the Ministry
of Finance has reported that the GOH has incurred a budget
deficit of 1 billion gourdes (approximately US $44 million)
during the first 6 months of the current fiscal year.
This is attributed to additional expenditures for the recent
elections and subsidies for petroleum fuels.
The GOH hopes to reduce the benefit through more rigorous
tax collection and better control of government expenditures.
All of this will be difficult to achieve in an economy that is near
stagnation and in the face of relations with the international
community that are still badly frayed.