Publication:
Honduras Public Expenditure Review: Strengthening Fiscal Resilience

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dc.contributor.authorWorld Bank
dc.date.accessioned2023-04-24T14:15:19Z
dc.date.available2023-04-24T14:15:19Z
dc.date.issued2023-04-24
dc.description.abstractHonduras remains one of the poorest and most unequal countries in the Western Hemisphere. Structural exposure to external shocks and natural hazards go hand in hand with high levels of crime, political instability, and a weak institutional and business environment. These problems have undermined the country’s competitiveness and economic diversification, propelled emigration, and slowed progress toward raising incomes, reducing poverty, and tackling exclusion. Vulnerability to external shocks, natural hazards, and fiscal risks constitute important development challenges. The compound effect of the pandemic and two hurricanes in 2020 underscored the fragility of economic and poverty gains, and Honduras’s exposure to potential reversals. Substantial fiscal risks coupled with insufficient risk management and inefficient and rigid public spending constrain the country’s capacity to respond efficiently and effectively to shocks. The crucial challenge faced by Honduran policy makers is to reinforce fiscal resilience to achieve, to protect, and to sustain income and poverty gains. This Public Expenditure Review (PER) considers key fiscal challenges faced by policy makers to strengthen fiscal resilience and sustainability: significant fiscal risks and the high public wage bill.en
dc.identifierhttp://documents.worldbank.org/curated/en/099042123170021958/P17514500cbd2e0b60811a09c4ec5961950
dc.identifier.doi10.1596/39727
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/39727
dc.languageEnglish
dc.language.isoen
dc.publisherWashington, DC
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo/
dc.subjectFISCAL RISK
dc.subjectMACRO-FISCAL DEVELOPMENT
dc.subjectGOVERNMENT REVENUE COMPOSITION
dc.subjectFISCAL RISK
dc.subjectPUBLIC WAGE BILL
dc.subjectCIVIL SERVICE REFORM ROADMAP
dc.subjectFISCAL BALANCE
dc.subjectPUBLIC EXPENDITURE REVIEW
dc.titleHonduras Public Expenditure Reviewen
dc.title.subtitleStrengthening Fiscal Resilienceen
dc.typeReport
dspace.entity.typePublication
okr.crossref.titleHonduras Public Expenditure Review: Strengthening Fiscal Resilience
okr.date.disclosure2023-04-24
okr.date.lastmodified2023-04-24T00:00:00Zen
okr.date.lastmodified2023-04-24T00:00:00Zes
okr.doctypePublic Expenditure Review
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/099042123170021958/P17514500cbd2e0b60811a09c4ec5961950
okr.guid099042123170028584
okr.guid099042123170021958
okr.identifier.docmidP175145-0cbd2eef-8df8-42b6-811a-9c4ec5961950
okr.identifier.doihttp://dx.doi.org/10.1596/39727
okr.identifier.externaldocumentum34048457
okr.identifier.internaldocumentum34048457
okr.identifier.report181700
okr.import.id527
okr.importedtrueen
okr.importedtruees
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099042123170021958/pdf/P17514500cbd2e0b60811a09c4ec5961950.pdfen
okr.pdfurlhttp://documents.worldbank.org/curated/en/099042123170028584/pdf/P17514508ad52f08b081800bb4eb903d20c.pdfes
okr.region.administrativeLatin America & Caribbean
okr.region.countryHonduras
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicSocial Development::Social Risk Management
okr.topicConflict and Development::Post Conflict Reconstruction
okr.txturlhttp://documents.worldbank.org/curated/en/099042123170028584/text/P17514508ad52f08b081800bb4eb903d20c.txtes
okr.unitEFI-LCR-MTI-MacroFiscal (ELCMU)
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