Honduras: Report on Observance of Standards and Codes-Fiscal Transparency Module: Update

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 256

Publication date: July 2005

ISBN: 9781451817119

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , Public Finance , ISCR , CR , government , budget , TSC , final accounts , policy document , government audit , revenue-outlay budget , executive branch , quarterly budget execution report , ROSC report , Budget planning and preparation , Public sector , Budget execution and treasury management

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Summary

Honduras’s Report on the Observance of Standards and Codes on fiscal transparency is discussed. Great strides have been made in coordinating preparation of the budgets of the central government and the noncommercial decentralized entities, and in timing their congressional presentation and approval to coincide. The new Organic Budget Law mandates the incorporation into the budget of all the self-generated revenues and the foreign grants received by central government institutions and deconcentrated entities.