Honduras 2010 Budget Put on Hold

The Minister of the Presidency, Maria Antonieta de Bogran, the Central Bank president, Maria Elena Mondragon, and the Minister of Finance, William Chong today outlined to Congress today the serious financial situation facing Honduras.

The officials were there at the request of the Legislature, who suspended approval of the budget for 2010 and a package of tax measures until they could hear clear and convincing explanations as to how these expenditures would impact the country.

According the chairman of the Budget Committee, Hector Guillen, “Macroeconomic figures are frightening. The domestic debt will rise above 33 billion from this budget. It’s unmanageable. Therefore, it is urgent that the budget is not approved until we have a clear vision of the crisis we inherited because we have to be accountable to the people.”


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