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International Monetary Fund. Western Hemisphere Dept.
Fiscal policy in Haiti should be oriented toward more developmental objectives. Steps have been taken in sustaining inclusiveness; however, the current taxation and expenditure frameworks do not completely fulfill the necessary requirements for these objectives. Inefficient public investment and lack of transparency have resulted in lower growth, lower fiscal revenue, and higher costs as well as macroeconomic imbalances, limited competitiveness, and slow economic integration. The country should take advantage of the available financial assistance and step up efforts to improve public investment quality.
International Monetary Fund. Western Hemisphere Dept.

important loss in revenue, and efforts could be made to reduce part of this loss. The major source of this tax expenditure comes from exemptions granted on the imports of international organizations and diplomatic missions, which go even beyond the boundaries set by international treaties. Among the items exempted from custom duties, the largest share of tax expenditure regards vehicles, and to a minor extent food, construction and medical items. Tax Expenditure (percent of GDP) Argentina 2009 2.4 Brazil 2008 2.8 Chile 2009 3