Honduras: Technical Assistance Report–Fiscal Transparency Evaluation

Download or read book Honduras: Technical Assistance Report–Fiscal Transparency Evaluation written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2021-07-08 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. In relation to the fiscal transparency principles, Honduran practices are considered basic in 15 areas; good in seven areas; and advanced in six areas. Fiscal transparency practices in the area of fiscal forecasting and budgeting are the strongest, while the fiscal risk analysis and management practices are the weakest. Finally, Honduras’s current fiscal transparency practices fall short of the FTC principles in eight areas.