A mission of the International Monetary Fund (IMF) expressed on Tuesday its support for the draft budget for 2025 approved by the Government of Honduras, considering that it creates spaces for social programs and critical infrastructure.
The proposed budget is in line with the economic program of the IMF-backed authorities, creating space for social spending and critical infrastructure, the Fund said in a statement issued in Washington.
The mission explains that it reached that conclusion – following face-to-face and virtual conversations with the Honduran authorities on policies to support the Government’s economic agenda.
In addition, productive discussions have taken place in recent months, both virtual and face-to-face, on economic policies to safeguard Honduras’ internal and external stability, paving the way for a mission to review the planned programme for the first half of October, the note states.
The draft General Budget for Income and Exit of Honduras was approved last Monday night by the president, Xiomara Castro, during an expanded council of ministers and amounts to 430,907,8 million lempiras (about 17,334,5 million U.S. dollars).
The Secretary of State in the Finance Offices, Marlon Ochoa, told the press that the new budget represents an increase of 5.8 percent over that of 2024.
The proposal will be submitted to the Congress of the Republic for final approval, said the Press Secretariat of the Presidency on the X social network
This article has been translated after first appearing in El Pais