Table of State financial operations (TOFE), fiscal year 2016-2017
Summary: The State's fiscal operations table (TOFE): revenues, expenditures, and financing for the period — in-year budget execution reporting.
Key Findings
- Reports a fiscal year that closed in surplus on the commitment basis, 2,791 million gourdes, against revenue of 66,078 million and expenditure of 63,287 million, which is unusual in this series.
- Puts the payroll at 31,243 million gourdes, of which 21,471 million for permanent employees, against total current expenditure of 57,433 million, so wages alone are more than half of current spending.
- Shows investment at 5,853 million gourdes, of which 4,833 million in projects, the smallest investment line of the years around it and less than a fifth of the payroll.
- Records a cash-basis deficit of 587 million gourdes against the commitment surplus, on an adjustment of minus 3,378 million.
- Shows external financing netting to almost nothing, 44 million gourdes, because 3,340 million of grants were offset by 3,296 million of loan amortization, so grants were servicing debt rather than funding spending.
- Records BRH net financing of 4,502 million gourdes against net internal financing of only 543 million, the difference being long-term bond amortization of 3,959 million.
- Carries an extraction caveat worth knowing before citing it: in this copy the prior-year column duplicates the current-year values and every variation reads 0 percent, so no year-on-year comparison can be drawn from this table, and the FY2018 table gives 74,972 million for the same October 2016 to September 2017 period, a later revision of the 66,078 million shown here as provisional.
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 2016-2017, https://budget.gouv.ht/storage/app/uploads/public/5f7/b36/7ea/5f7b367ea23b3723164946.pdf