[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-108216-en":3,"doc-seo-108216-105":30,"detail-sidebar-cat-0-en-105":92},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":13,"seo_description":14,"update_tm":28,"read_time":29},108216,962075006959,"Anda","https://ap-avatar.wpscdn.com/avatar/e0002397efbe92a78e?_k=1776741047341049297",8,"Research & Report","Honduras Public Expenditure Review - Strengthening Fiscal Resilience","Honduras Public Expenditure Review focuses on how the country can strengthen fiscal resilience amid worsening fiscal balance, deteriorating public debt dynamics, and growing fiscal risks. It analyzes macro-fiscal developments, the sources of fiscal risks, and the management of explicit and implicit contingent liabilities and natural hazard shocks. The review also examines public sector wage bill management, international comparisons, trends, institutional constraints, and reform road maps for civil service modernization.","Public Disclosure Authorized Public Disc losure Authorized Public Disclosure Authorized  \nHonduras Public Expenditure Review  \nStrengthening Fiscal Resilience  \nHonduras Public Expenditure Review  \nStrengthening Fiscal Resilience  \nNovember 2022  \n© 2022 International Bank for Reconstruction and Development / The World Bank  \n1818 H Street NW Washington DC 20433 Telephone: 202-473-1000  \n[Internet: www.worldbank.org](Internet: www.worldbank.org)  \nThis work is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent.  \nThe World Bank does not guarantee the accuracy, completeness, or currency of the data included in this work and does not assume responsibility for any errors, omissions, or discrepancies in the information, or liability with respect to the use of or failure to use the information, methods, processes, or conclusions set forth. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries.  \nNothing herein shall constitute or be construed or considered to be a limitation upon or waiver of the privileges and immunities of The World Bank, all of which are specifically reserved.  \nRights and Permissions  \nThe material in this work is subject to copyright. Because The World Bank encourages dissemination of its knowledge, this work may be reproduced, in whole or in part, for noncommercial purposes as long as full attribution to this work is given.  \nAny queries on rights and licenses, including subsidiary rights, should be addressed to World Bank Publications, The World Bank Group, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2625; e-mail: [pubrights@worldbank.org](pubrights@worldbank.org).  \nContents  \nAcknowledgments  ............................................................... ix  \nAbbreviations and Acronyms  ...................................................... x  \nExecutive Summary  ............................................................... 1  \nFiscal Risks: Sources and Management  ................................................. 3  \nPublic Sector Wage Bill  ............................................................... 5  \nPolicy Recommendations  .............................................................. 6  \n1 . Macro-Fiscal Developments  ................................................... 10  \n1 .1 Macroeconomic context  .......................................................... 11  \n1 .2 Evolution and composition of government revenues  .................................. 19  \n1 . 3 Evolution and composition of government spending  ................................. 25  \n1 .4 Overall fiscal balance, financing, and stock of public debt have deteriorated  ............. 31  \n1 . 5 Strengthening fiscal resilience  ...................................................... 37  \n2 . Fiscal Risks: Sources and Management  ........................................ 43  \n2 .1 Explicit and implicit contingent liabilities  ............................................ 44  \n2 .2 Fiscal risks due to natural hazards  .................................................. 54  \n2 .3 Fiscal risk management  ........................................................... 61  \n3 . Wage Bill Management  ....................................................... 68  \n3 .1 . Honduras public wage bill in international perspective  ............................... 69  \n3 .2 . Recent developments and trends in the wage bill  ..................................... 71  \n3 .3 . Other limitations and opportunities  ............................................... 74  \n3 .4 . Institutional context and a road map for civil service reform  .................","cbCaiqtKNZylELpI","https://ap.wps.com/l/cbCaiqtKNZylELpI","pdf",15155959,5,1,130,"English","en",105,"# Executive Summary\n# Fiscal Risks: Sources and Management\n## Explicit and implicit contingent liabilities\n## Fiscal risks due to natural hazards\n## Fiscal risk management\n# Public Sector Wage Bill\n## Honduras public wage bill in international perspective\n## Recent developments and trends in the wage bill\n## Institutional context and a road map for civil service reform\n# Policy Recommendations\n# Appendix A: Reducing the Fiscal Deficit and Maintaining Fiscal Sustainability—Reform Measures","[{\"question\":\"What areas does the Honduras Public Expenditure Review assess?\",\"answer\":\"It assesses macro-fiscal developments, sources and management of fiscal risks, and public sector wage bill management, along with policy recommendations to improve fiscal outcomes.\"},{\"question\":\"How does the 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