Honduras's Fiscal Consolidation Set To Continue

  • Fitch expects Honduras to continue its steady fiscal consolidation as revenues are supported by strong economic activity and expenditure growth remains muted.
  • Honduras’ stand-by IMF program will provide the government with additional flexibility to pursue fiscal consolidation.
  • Fitch has revised its fiscal deficit forecast from 2.3% of GDP to 2.0% after the 2018 deficit was narrower than expected at 2.1%.

(Source: Fitch)