Table of State financial operations (TOFE), position at 30 September 2015
Summary: The State's fiscal operations table (TOFE): revenues, expenditures, and financing for the period — in-year budget execution reporting.
Key Findings
- Records a fiscal year that closed in commitment-basis surplus, 2,418 million gourdes, against a deficit of 5,406 million the year before, on revenue up 21 percent to 56,794 million.
- Shows the current balance rising 332 percent to 8,638 million gourdes, the strongest current position in the annual series around it.
- Attributes the revenue growth to customs and excise: customs up 31 percent to 17,577 million gourdes and excise duties up 293 percent to 3,585 million from 912 million, while the turnover tax rose only 2 percent and provincial internal revenue fell 1 percent.
- Shows expenditure barely moving in total, up 3.5 percent to 54,376 million gourdes, while its composition shifted sharply: wages and salaries up 22 percent to 27,632 million against subsidies and current transfers down 40 percent to 4,737 million and investment down 16 percent to 6,220 million.
- Records interest payments falling 41 percent to 865 million gourdes, with internal interest down 75 percent and payments to other creditors down 98 percent.
- Shows a cash-basis deficit of 998 million gourdes, 87 percent smaller than the previous year's 7,808 million, on an adjustment of minus 3,416 million.
- Records grants falling to 1,402 million gourdes from 4,277 million, turning net external financing negative at minus 626 million, with BRH net financing of 8,135 million against net internal financing of 1,624 million.
Full Description
The State's fiscal operations table (TOFE): revenues, expenditures, and financing for the period — in-year budget execution reporting.
How to cite
Ministry of Economy and Finance (MEF), Table of State financial operations (TOFE), position at 30 September 2015, https://budget.gouv.ht/storage/app/uploads/public/5f7/b35/ed8/5f7b35ed896d6574544002.pdf