In its opinion, the Chambre Territorial des Comptes (CTC) found in the Investment section € 31,587,733 in spending and the same amount in revenue. This section was increased in revenue and in expenditure to € 1,148,492 by the vote of "supplementary" budget of July 7, 2011 bringing the Investment section at: € 32,736,225 in expenditures and € 32,736,225 in revenue, which was recorded by the CTC in its opinion, as well as by the prefect in its order.
However, the operating section increased to € 82,275,883 in spending and the same amount in revenue, which has been increased to 6 €345 in expenses and revenues on July 7th by the Territorial Council, was increased by the CTC of 8 600 €000 in spending and 3 800 €000 revenue bearing also these two positions respectively at 95 882 €228 and 91 082 €228 leading to an overall estimate accepted by the CTC of less than € 4,800,000.
In its opinion, the CTC indeed found that had not been taken into account:
• expenses of a general nature (2010 and 2011 bills) for an amount of € 3.3 million;
• bills due to DRFIP for 2009 and 2010 amounting to € 2.6 million;
• the impact of wage settlements for workers and the COM for $ CTOS € 1,200,000;
• bills related to welfare representing € 1.5 million for a total of € 8.6 million that was added to expenses.
In contrast, the CTC found that additional revenues were possible:
• Income Tax: € 2,000,000 due to the competence of sources;
• Corporate taxes: € 5,000,000;
• TGCA: € 1.3 million by an increased rate of 2 to 4% from 1 September 2011.
In his order the Prefet finds that:
• on the other hand, costs can be reduced by € 0.6 million overall from 8.6 to € 8 million due to the smoothing of wage agreements, agents and COM CTOS over 2 years (2011, 2012)
• on the other hand, there is no need at present to increase the TGCA both for economic reasons and administrative;
• Furthermore, it is possible to increase the € 0.5 million income tax due to a recent report on the recovery.
• Finally the licensing right and contribution of the patent (DLCP) which recently replaced the TP (01/07/2011) up to € 3.2 million (TP reported € 4.5 million) and that in fact it should increase to € 0.8 million compared to the estimated CTC.
The prefect has retained these new recipes: € 2 million of income tax due in the jurisdiction of sources; € 1 million of corporate taxes, and € 0.8 million of which is DLCP 3, € 8 million in new revenues to € 8 million in new spending, leading to an imbalance of € 4.2 million while the CTC allowed € 4.8 million, which is a favorable element for the consolidation in 2012.
More generally, the prefet noted that today the tax system is consistent and should be effective, this requires a relentless struggle against fraudsters, especially as this device is significantly better than the time of the commune: IR reduction additional 10% IS - 11 points (33-22) TGCA highly modulated 2% (it recalls the absence of VAT and wharfage) and finally a DLCP, also modulated with respect to the former TP! Not to mention the abolition of wealth tax and the housing tax.
Moreover, in terms of cash, the COM enjoys an advance of 12 M€ 150:
• 7 € 150 million, due to the shift of land given to the issue of roles beginning in 2012;
• € 5 million in corporate taxes and registration fees levied on Basse-Terre.
Of course, this advance payment will be smoothed over time and offset by revenues coming in both positions.
Therefore, the task of recovery is very important and urgent to stabilize the COM financially, and it will have to do just that.
In conclusion, an admittedly unbalanced budget estimates but consistent with respect to income and expenditure and on the rebalancing and promising prospects for future development.