Honduras: public finances

How big is the Honduras government budget?

The proposed general budget of income and expenditure for 2027 totals L 455,374.8 million, according to the Ministry of Finance (SEFIN), which presented it to the Civic Fiscal Council in October 2026.

The general budget covers the central government and decentralised institutions such as state companies and social security funds, so it is larger than central government spending alone. The proposal must be approved by the National Congress and can change before then. SEFIN publishes the approved budget and quarterly budget execution reports on its site.

Official sources: SEFIN: Proyecto de Presupuesto 2027

How much debt does Honduras have?

Honduras's general government gross debt was 40.3% of GDP in 2025, according to the IMF's World Economic Outlook of October 2026. The IMF projects 44.0% in 2026.

The Ministry of Finance publishes debt stock and debt service figures in its Deuda Pública en Cifras dashboard, which loads interactively and could not be read by our check. IMF projections change with each Outlook.

Official sources: IMF World Economic Outlook: general government gross debt, Honduras · SEFIN: Deuda Pública en Cifras

What is the budget deficit of Honduras?

Honduras's general government deficit was 0.7% of GDP in 2025, according to the IMF's World Economic Outlook of October 2026. The IMF projects deficits of 1.0% of GDP in 2026 and 2027.

The figure is net lending or borrowing: revenue minus total spending, including investment. It covers the whole general government, not only the central government budget that SEFIN reports monthly. National figures can differ because of coverage and accounting choices.

Official sources: IMF World Economic Outlook: net lending/borrowing, Honduras

How much does Honduras spend on its military?

Military spending in Honduras was 1.46% of GDP in 2025, according to the World Bank, which uses SIPRI estimates. It was 1.48% in 2024.

The figure includes spending on the armed forces and, where they carry out military functions, other forces. In Honduras the military police also take part in public security, which can blur the line between defence and policing budgets. The national budget itself is published by SEFIN.

Official sources: World Bank: military expenditure (% of GDP), Honduras

What is Honduras' national debt?

In 2025, general government gross debt in Honduras was 40.3% of GDP, according to the IMF. Its high point since 2005 was 2005, at 55.6% of GDP; its low point was 2008, at 22.3% of GDP. Across Latin America & Caribbean the middle value was 65.6% of GDP, and Honduras placed 25th highest of 31. Of 185 countries with 2025 data, 128th highest.

What is Honduras' fiscal deficit?

The latest figure from the IMF, for 2025, is -0.7% of GDP, which is a deficit. Since 2005 it has ranged from -5.5% of GDP (2013) to 1.6% of GDP (2022). Latin America & Caribbean median: -2.8% of GDP; Honduras is 8th highest of 32. Of 188 countries with 2025 data, 49th highest.

How much revenue does Honduras' government raise?

In 2025, general government revenue in Honduras was 24.2% of GDP, according to the IMF. The peak was 27.0% of GDP in 2016 and the low 22.5% of GDP in 2013. It is 18th highest of 32 in Latin America & Caribbean, where the median is 24.9% of GDP. Worldwide: 109th of 187.

What is Honduras' government spending?

The IMF puts general government spending in Honduras at 25.0% of GDP in 2025. Since 2005 it has ranged from 23.6% of GDP (2005) to 28.8% of GDP (2021). Latin America & Caribbean median: 26.7% of GDP; Honduras is 21st highest of 32. Worldwide: 120th of 186.

How much tax does Honduras collect?

In 2020, central government tax revenue in Honduras was 15.1% of GDP, according to the IMF. Its high point since 2005 was 2015, at 17.3% of GDP; its low point was 2009, at 14.2% of GDP. It is 7th highest of 19 in Latin America & Caribbean, where the median is 13.9% of GDP. Of 136 countries with 2020 data, 71st highest.

What is Honduras' military budget as a share of GDP?

According to SIPRI, military spending in Honduras was 1.5% of GDP in 2025. The peak was 1.6% of GDP in 2017 and the low 0.6% of GDP in 2005. It is 5th highest of 22 in Latin America & Caribbean, where the median is 1.0% of GDP. World rank, highest first: 84th of 149.