The state loses money to avoid slipping on the local market, according to Baudin

"The government has chosen to absorb the increased prices of petroleum products, focusing on the international market to prevent it from causing slippage at the local market," says Minister of Economy and Finance that Ronald Baudin met Sunday, February 27, 2011 with journalists. "If we pass this increase directly on prices at the pump will cause many problems for domestic companies that have faced great difficulties after the earthquake," the great financier of the Republic, which emphasizes the section of this strategic product whose fluctuations affect all sectors of the economy. "We try to help Haitian businesses to have a normal business and government thinks it is okay to subsidize petroleum products," said Minister Baudin without mentioning the cost of this subsidy for the public purse in a context of nervousness in the markets. Due to the outbreak of the black gold amid rotting Libyan crisis, a barrel of oil neared $ 120 last week before falling due to overproduction by Saudi Arabia. Ronald Beaudin announced the passage of an amendment to the law on civil pension. According to the Minister, Volume 2 of the 2010-2011 budget devoted to investment is now available in the national Press. The minister was however cautious about getting outside help to finance the budget law. To a question he told reporters that "a budget is an act of foresight". "There is no requirement that money be available when adopting the budget. The resources will come as and when budget execution. This is so for resources from the public treasury for the assistance of the international community, "said Minister of Economy and Finance to reporters minutes before a meeting with the President of the Interamerican Development Bank (IDB) Luis Alberto Moreno. These comments came less than twenty four hours of a meeting of the Interim Commission for the Reconstruction of Haiti (HRIC) in Port-au-Prince, scheduled Monday.