The government has confirmed the figure, arguing that the increase is due to the economic slowdown and non-adoption of the law on tax exemptions.
"We are reviewing the figures. I would have liked it to be 4.5 which is established in the budget, but we have already said that the causes are that the tax revenues which were planned are not going to be able to be executed given that they were not approved in the law on tax exemptions," said Deputy Finance Minister Carlos Borjas.
Projections by the Ministry of Finance show that the future Honduran government could be left with an imbalance between expenditures and revenues of more than $1.2 billion .
Latribuna.hn reports that "... authorities from the ministry of Finance reported that in the current economic conditions, the fiscal deficit at the end of the year could exceed 6% and not 4.5%, as predicted by the Monetary Program, presented in April by the Central Bank of Honduras (BCH) ".
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