Honduras: Technical Assistance Report–Fiscal Transparency Evaluation
IMF Staff Country Reports, July 8, 2021
Source details
- Canonical URL
- Honduras: Technical Assistance Report–Fiscal Transparency Evaluation
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Bibliographic details
- Published: July 8, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513589084.002
Overview
- This report evaluates Honduras’s fiscal transparency practices in relation to the IMF Fiscal Transparency Code (FTC).
- Honduras’s score is similar to those of other Latin American countries and emerging market economies that have undergone the evaluation.
- Publication date: July 8, 2021.
- Pages: 108.
- Volume: 2021.
- Issue: 150.
- Series: Country Report No. 2021/150.
- DOI: https://doi.org/10.5089/9781513589084.002.
- Stock No: 1HNDEA2021001.
- ISBN: 9781513589084.
- ISSN: 1934-7685.
Key findings
- Honduran practices are considered basic in 15 areas.
- Honduran practices are considered good in 7 areas.
- Honduran practices are considered advanced in 6 areas.
- Fiscal transparency practices in the area of fiscal forecasting and budgeting are the strongest.
- Fiscal risk analysis and management practices are the weakest.
- Honduras’s current fiscal transparency practices fall short of the FTC principles in eight areas.
Thematic focus and subjects covered
- Budget planning and preparation
- Expenditure
- Financial statements
- Fiscal risks
- Macroeconomic and fiscal forecasts
- Public financial management (PFM)
- Additional subject tags included: accounts payable; Banco Nacional de Desarrollo Agrícola; budget index; Central America; control de los Recursos Públicos; Desarrollo de Honduras; Dirección General de Inversión Pública; employee pension administrator; Unidad de Planeamiento y evaluation de la Gestión; Universidad Nacional Autónoma; International organization; Monetary policy
Implications (as presented in the report)
- Relative strengths in fiscal forecasting and budgeting suggest capacity to produce forward-looking fiscal information.
- Weaknesses in fiscal risk analysis and management indicate gaps in identifying, quantifying, and managing contingent fiscal liabilities and risks.
- Overall alignment with the FTC shows parity with peer Latin American and emerging market evaluations, while eight shortfalls point to targeted areas for improvement.
International Monetary Fund. Fiscal Affairs Dept. "Honduras: Technical Assistance Report–Fiscal Transparency Evaluation", IMF Staff Country Reports 2021, 150 (2021).
Content in this bundle
- 1hndea2021001