Honduras has only executed 23% of the budget, says ASJ
"It is worrying that, just a few months before the end of the fiscal year, not even a third of the resources allocated have been used," stressed financial specialist Liliam Rivera.
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Liliam Rivera, a Public Finance specialist at the Association for a More Just Society (ASJ), has revealed that the Honduran government has only executed 30% of the General Budget of Income and Expenditures of the Republic for the fiscal year 2024.
Rivera, through HRN, pointed out that the execution of only 30% of the total L.407,137.5 million, approved for 2024, represents a considerable challenge for the development of essential projects in the country.
It is worth mentioning that, despite the low budget execution, the Honduran government presented last September the preliminary draft for 2025 with an increase of 5.8 percent.
The ASJ specialist also highlighted that the lack of budget execution not only impacts infrastructure and public services, but also negatively affects priority sectors such as health, education and security.
“It is worrying that, just a few months before the end of the fiscal year, not even a third of the resources allocated have been used,” he stressed.
The ASJ also warned of the risk that, if immediate corrective measures are not taken, the allocated funds may end up being reallocated or under-executed, causing delays in critical works and directly affecting the most vulnerable communities.
In light of this problem, the ASJ urged the Honduran authorities to speed up administrative and financial processes to ensure that allocated funds are used efficiently and transparently.
They also called for constant monitoring of the use of resources to prevent poor implementation from continuing to affect the development and well-being of the population.
