Low Public Investment in Honduras
The amount allocated to investment in public infrastructure in the 2011 budget is the second lowest in the last ten years.
Monday, December 6, 2010
The investment, according to figures from the Central Bank of Honduras, is 6.72% of the total budget, making it the second lowest in the last ten years. The lowest was recorded in 2002.
23% of the approved budget for 2016 will go to the Public Investment Program, which includes infrastructure projects such as hospitals, roads and rural electrification.
The budget proposed by the Morales administration for 2017 includes $736 million to develop 2,500 public infrastructure projects.
Total 2011 budget is $ 4,503.5 million which includes payment of $653.5 million in Eurobonds due in 2011.
In the past three years, the relationship between spending on infrastructure and equipment for public institutions and the country's national production, fell from 9.4% to 6.1%.
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