IMF wants Honduras to tighten spending

A mission from the IMF asked the Honduran government of President Manuel Zelaya to control its spending on salaries for officials and to increase social investment.

Wednesday, August 20, 2008

The Government of Honduras "should restrict the granting of net loans from the public sector pension fund and try to control salaries, in order to protect its investment and social spending, and to strengthen banking supervision even more," said group demanded in a note.

More on this topic

IMF: Time is running out for Costa Rica

March 2016

The institution is once again emphasizing more efficient public spending and making cuts before a fiscal adjustment comes into force, in a form that is "draconian and with emergency measures".

Making cuts and improving efficiency in public spending is once again the main recommendation of the International Monetary Fund.

IMF: Salvadoran Government Must Reduce Expenses

June 2014

If there are no reductions in state subsidies and wages no type of fiscal reform will allow the country to achieve sustainability.

Since 2013 and via an Article IV report for El Salvador, the International Monetary Fund (IMF) has been warning the government about the need to take action to moderate wages in the public sector and correct poorly targeted subsidies, establishing strict controls over costs, which for the current year increased by $281 million.

Honduras Cuts Public Spending

August 2012

The severity of the fiscal crisis in Honduras has forced a package that includes spending cuts in the 2012 budget of $61 million and an 11% reduction on salaries over $3,500.

A statement from the Presidency of Honduras reads:
Government approves draft measures to reduce public spending

Request to Reduce Public Spending in Nicaragua

July 2012

Business leaders agree with a recommendation from the International Monetary Fund that the Government should rationalize government expenditure, especially subsidies.

Commenting on the issue Jose Adan Aguirre, president of the Superior Council of Private Enterprise (COSEP), said, "The private sector shared with the IMF that the government needs to control spending."

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