Table of State financial operations (TOFE), fiscal year 2011-2012
Summary: The State's fiscal operations table (TOFE): revenues, expenditures, and financing for the period — in-year budget execution reporting.
Key Findings
- Records the fiscal year in which the balance turned: a commitment-basis global surplus of 1,797 million gourdes in FY2011 became a deficit of 4,510 million in FY2012, a swing of 6,306 million.
- Attributes the swing to expenditure rather than revenue, with total spending up 25.4 percent to 46,815 million gourdes against revenue up 8.1 percent to 42,305 million.
- Puts investment as the fastest-growing line, up 75.7 percent to 12,288 million gourdes, with investment projects alone up 76.9 percent to 11,810 million.
- Shows internal revenue carrying the revenue growth, up 15.1 percent to 28,331 million with Port-au-Prince income tax up 32.6 percent and provincial internal revenue up 30.4 percent, while customs revenue was flat at 13,795 million, up 0.2 percent.
- Records other goods and services purchases up 46.4 percent to 11,019 million gourdes, and current accounts within that line up 409.2 percent from 165 to 840 million.
- Shows subsidies and current transfers falling 20.1 percent to 5,655 million gourdes, the only major current line to contract.
- Notes the cash-basis position moving the other way, from a surplus of 161 million to one of 3,930 million gourdes, on an adjustment of 8,440 million driven by project accounts, so the commitment and cash bases give opposite readings of the year.
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), fiscal year 2011-2012, https://budget.gouv.ht/storage/app/uploads/public/5f7/b34/d1a/5f7b34d1a3573822036998.pdf