Table of State financial operations (TOFE), fiscal year 2012-2013
Summary: The State's fiscal operations table (TOFE): revenues, expenditures, and financing for the period — in-year budget execution reporting.
Key Findings
- Sets total revenue at 44,522 million gourdes for the October to September 2013 fiscal year against total expenditure of 52,826 million, giving a commitment-basis global deficit of 8,304 million.
- Puts internal revenue at 29,243 million gourdes and customs revenue at 14,231 million, so domestic collection is roughly twice the border take.
- Shows the turnover tax as the single largest revenue line at 13,435 million gourdes, slightly ahead of customs and well above Port-au-Prince income tax at 9,449 million.
- Records wages and salaries at 20,006 million gourdes, of which 15,149 million for permanent employees, against total current expenditure of 39,376 million, so the payroll is about half of current spending.
- Puts investment at 13,450 million gourdes, of which 12,902 million in investment projects, funded against a current surplus of only 5,146 million.
- Shows the deficit financed roughly evenly between external and internal sources, 3,659 million net external, almost entirely the 3,844 million of grants, and 5,136 million net internal, all of it from the banking sector.
- Records public security issues of 11,075 million gourdes against amortizations of 6,400 million and long-term bond amortization of 1,810 million, so gross issuance is much larger than the net internal financing figure suggests.
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 2012-2013, https://budget.gouv.ht/storage/app/uploads/public/5f7/b35/2e8/5f7b352e898c4804739155.pdf