Honduras Public Expenditure Review : Towards Restoring Fiscal Consolidation

Fiscal consolidation remains the central challenge facing Honduras, mainly due to increasing current expenditures. The widening fiscal deficit has been driven by a significant increase in current expenditures. These increased current expenditures,...

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Main Author:	World Bank
Format:	Public Expenditure Review
Language:	English en_US
Published:	Washington, DC 2014
Subjects:	DECENTRALIZATION EDUCATION FISCAL CONSOLIDATION GLOBAL FISCAL DEFICIT HEALTH INVESTMENTS PUBLIC EXPENDITURES PUBLIC FINANCIAL MANAGEMENT PUBLIC SERVICES
Online Access:	http://documents.worldbank.org/curated/en/2013/08/18903974/public-expenditures-decentralized-governance-honduras-towards-restoring-fiscal-consolidation http://hdl.handle.net/10986/17364

id	okr-10986-17364
recordtype	oai_dc
spelling	okr-10986-173642021-04-23T14:03:37Z Honduras Public Expenditure Review : Towards Restoring Fiscal Consolidation World Bank DECENTRALIZATION EDUCATION FISCAL CONSOLIDATION GLOBAL FISCAL DEFICIT HEALTH INVESTMENTS PUBLIC EXPENDITURES PUBLIC FINANCIAL MANAGEMENT PUBLIC SERVICES Fiscal consolidation remains the central challenge facing Honduras, mainly due to increasing current expenditures. The widening fiscal deficit has been driven by a significant increase in current expenditures. These increased current expenditures, which add rigidity to the budget, have occurred at the expense of investments. The efficiency of spending remains a key constraint. Limited improvements, especially in health and education outcomes despite high allocations to these sectors, suggest the need to improve the efficiency and quality of expenditures. Increased public expenditures have not delivered in terms of growth and improved public services, and whether the country is ready for decentralization remains an open question. Growing fiscal deficits and weak public financial management practices have constrained the ability of the central government to implement and finance the decentralization process. Current decentralization targets would pose significant fiscal challenges to the central government. The deterioration of the fiscal deficit is not a result of fiscal decentralization. However, further decentralization efforts could pose significant fiscal challenges to the central government. 2014-03-25T18:54:56Z 2014-03-25T18:54:56Z 2013-08 http://documents.worldbank.org/curated/en/2013/08/18903974/public-expenditures-decentralized-governance-honduras-towards-restoring-fiscal-consolidation http://hdl.handle.net/10986/17364 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Economic & Sector Work :: Public Expenditure Review Economic & Sector Work Latin America & Caribbean Honduras
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	DECENTRALIZATION EDUCATION FISCAL CONSOLIDATION GLOBAL FISCAL DEFICIT HEALTH INVESTMENTS PUBLIC EXPENDITURES PUBLIC FINANCIAL MANAGEMENT PUBLIC SERVICES
spellingShingle	DECENTRALIZATION EDUCATION FISCAL CONSOLIDATION GLOBAL FISCAL DEFICIT HEALTH INVESTMENTS PUBLIC EXPENDITURES PUBLIC FINANCIAL MANAGEMENT PUBLIC SERVICES World Bank Honduras Public Expenditure Review : Towards Restoring Fiscal Consolidation
geographic_facet	Latin America & Caribbean Honduras
description	Fiscal consolidation remains the central challenge facing Honduras, mainly due to increasing current expenditures. The widening fiscal deficit has been driven by a significant increase in current expenditures. These increased current expenditures, which add rigidity to the budget, have occurred at the expense of investments. The efficiency of spending remains a key constraint. Limited improvements, especially in health and education outcomes despite high allocations to these sectors, suggest the need to improve the efficiency and quality of expenditures. Increased public expenditures have not delivered in terms of growth and improved public services, and whether the country is ready for decentralization remains an open question. Growing fiscal deficits and weak public financial management practices have constrained the ability of the central government to implement and finance the decentralization process. Current decentralization targets would pose significant fiscal challenges to the central government. The deterioration of the fiscal deficit is not a result of fiscal decentralization. However, further decentralization efforts could pose significant fiscal challenges to the central government.
format	Economic & Sector Work :: Public Expenditure Review
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Honduras Public Expenditure Review : Towards Restoring Fiscal Consolidation
title_short	Honduras Public Expenditure Review : Towards Restoring Fiscal Consolidation
title_full	Honduras Public Expenditure Review : Towards Restoring Fiscal Consolidation
title_fullStr	Honduras Public Expenditure Review : Towards Restoring Fiscal Consolidation
title_full_unstemmed	Honduras Public Expenditure Review : Towards Restoring Fiscal Consolidation
title_sort	honduras public expenditure review : towards restoring fiscal consolidation
publisher	Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2013/08/18903974/public-expenditures-decentralized-governance-honduras-towards-restoring-fiscal-consolidation http://hdl.handle.net/10986/17364
_version_	1764436981184462848

Honduras Public Expenditure Review : Towards Restoring Fiscal Consolidation

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