Haiti – Economy : Customs revenue down
21/07/2019 08:19:02

Haiti - Economy : Customs revenue down

The General Administration of Customs (AGD) reveals that for the first three quarters of fiscal year 2018-2019, customs revenue fell by 6.5% to just over 29 billion Gourdes (± $311 million) compared to just over 31 billion gourdes compared to the same quarters of the previous year.

Revenue from the AGD in the first 9 months of the fiscal year:

October – December (2018) 10 billion 403 million Gourdes -11.39% compared to Oct. – Dec. (2017)
January-March (2019) 8 billion 998 million -0.44% compared to Jan. – March (2017)
April-June (2019) 10 billion 171 million -4.50% compared to April-June (2017)

At the same time, imports in the first nine months of fiscal year 2018-2019 amounted to just over $ 1.7 billion, a decrease of 5.84% over the same period last year. Should be noted that from January to June 2019, Haiti imported $ 420.92 million worth of goods from the Dominican Republic https://www.haitilibre.com/en/news-28290-haiti-news-zapping.html

The AGD explains that the decline in customs revenue is due to several factors, in particular : the scarcity of foreign exchange due to the rise in the exchange rate, the fuel price subsidy and the insecurity situation combined with the social-political unrest that make it more difficult to levy customs taxes when the country is paralyzed in addition to a significant slowdown in commercial activities.

PI/ HaitiLibre

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