Table of State financial operations (TOFE), fiscal year 2017-2018
Summary: The State's fiscal operations table (TOFE): revenues, expenditures, and financing for the period — in-year budget execution reporting.
Key Findings
- Records the year the fiscal position broke: a commitment-basis surplus of 4,793 million gourdes in FY2017 became a deficit of 8,618 million in FY2018, and the cash-basis balance went from plus 1,063 million to minus 20,951 million.
- Attributes it to spending, up 25 percent to 87,977 million gourdes against revenue up 6 percent to 79,360 million.
- Shows the two lines that moved: investment up 87 percent to 11,690 million gourdes with projects up 99 percent to 10,462 million, and subsidies and current transfers up 55 percent to 11,381 million.
- Records the current balance collapsing 72 percent to 3,073 million gourdes, so almost nothing was left from current operations to fund investment.
- Shows the deficit financed by the central bank: net internal financing rose 779 percent to 22,491 million gourdes, of which BRH net financing of 24,127 million, up 268 percent.
- Records external financing turning negative at minus 1,540 million gourdes, with 3,736 million of grants against 5,276 million of loan amortization.
- Puts the primary balance at minus 7,304 million gourdes against plus 6,360 million a year earlier, and total central administration disbursements at 98,025 million, up 25 percent.
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 2017-2018, https://budget.gouv.ht/storage/app/uploads/public/5f7/b36/c75/5f7b36c758f35405430892.pdf