Honduras Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
Honduras's budget deficit was -1.61% in 2025, ranked 56th globally. This represents a 43.7% decrease from 2024. Data from IMF WEO, covering 1990–2025.
Overview
Honduras's budget deficit stood at -1.61% in 2025, a decline of +0.49% from 2024. The IMF projects -1.61% by 2025. Honduras ranked 56th globally.
Honduras’ primary budget deficit stood at –1.61 percent of GDP in 2025, ranking 56th globally according to the IMF World Economic Outlook, and placing it between Paraguay (–1.66) and Cabo Verde (–1.58) among peers with similar fiscal gaps. The deficit has narrowed considerably from its all‑time peak of 2.89 percent in 1998, a year marked by expansive public spending and a modest revenue base, to a deep trough of –5.48 percent in 2013 when fiscal consolidation and higher tax collection reduced the shortfall. Over the 36‑year coverage period, the trajectory has shifted from occasional surpluses to a more persistent, albeit shrinking, deficit, reflecting structural challenges in revenue mobilization and expenditure control. Continued reforms in tax administration and targeted cuts in non‑productive spending could further compress the deficit, steering Honduras toward a modest primary surplus in the medium term.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -1.24% | - | - |
| 2029* IMF | -1.27% | - | - |
| 2028* IMF | -1.34% | - | - |
| 2027* IMF | -1.51% | - | - |
| 2026* IMF | -1.66% | - | - |
| 2025* IMF | -1.61% | - | - |
| 2025 | -1.61% | −0.49% | #56 |
| 2024 | -1.12% | +0.85% | #134 |
| 2023 | -1.96% | −3.54% | #112 |
| 2022 | 1.57% | +4.74% | #167 |
| 2021 | -3.17% | +1.42% | #108 |
| 2020 | -4.58% | −4.67% | #122 |
| 2019 | 0.09% | −0.11% | #138 |
| 2018 | 0.20% | +0.61% | #136 |
| 2017 | -0.41% | −0.01% | #142 |
| 2016 | -0.40% | +0.38% | #141 |
| 2015 | -0.78% | +2.03% | #145 |
| 2014 | -2.81% | +2.67% | #94 |
| 2013 | -5.48% | −2.00% | #30 |
| 2012 | -3.48% | −0.54% | #67 |
| 2011 | -2.94% | +0.43% | #86 |
Detected Pattern
Analysis
Honduras matched the Orthodox Tightening Cycle pattern in 1997. Historically, 57% of countries showing this pattern (177 out of 311) saw budget deficit improve within 24 months. View full analysis →
Frequently Asked Questions
Honduras's budget deficit was -1.61% in 2025. Ranked 56th globally. This represents a 43.7% decrease from the previous year.
Honduras's budget deficit peaked at 2.89% in 1998.
The lowest budget deficit in Honduras was -5.48% in 2013.
Honduras ranks 56th globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
Honduras's budget deficit is projected to reach -1.61% by 2025 based on IMF projection.
The budget deficit of Honduras in 2025 was -1.61%. This ranks 56th in the world.
Cite this page
@misc{historysaid_honduras_budget-deficit,
title = {Honduras Budget Deficit},
url = {https://historysaid.com/honduras/budget-deficit/},
publisher = {HistorySaid},
year = {2026}
}