Honduras recorded a Government Budget deficit equal to 1.29 percent of the country's Gross Domestic Product in 2022. Government Budget in Honduras averaged -3.57 percent of GDP from 1990 until 2023, reaching an all time high of -0.33 percent of GDP in 1998 and a record low of -7.87 percent of GDP in 2013. source: SECMCA - Consejo Monetario Centroamericano

Government Budget in Honduras is expected to reach -2.80 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Honduras Government Budget is projected to trend around -2.00 percent of GDP in 2025 and -1.80 percent of GDP in 2026, according to our econometric models.




Related Last Previous Unit Reference
Credit Rating 37.00 Jan 2025
Government Budget -3.60 -1.29 percent of GDP Dec 2023
Government Debt to GDP 44.95 49.75 percent of GDP Dec 2023
Government Spending 8538.00 8491.00 HNL Million Sep 2024
Holidays
Military Expenditure 539.80 458.30 USD Million Dec 2023

Honduras Government Budget
The Government Budget to GDP ratio is an itemized accounting of the payments received by the government (taxes and other fees) and the payments made by the government (purchases and transfer payments) relative to GDP. A budget deficit occurs when a government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
-3.60 -1.29 -0.33 -7.87 1990 - 2023 percent of GDP Yearly