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Bank: Deficit more threatening than violence

Friday, September 6, 2013

Honduras is overcoming investor fears of drug violence and needs to rein in a widening budget deficit to sustain economic growth four years after a coup, central bank President Maria Elena Mondragon said.

The next government should eliminate tax exemptions to increase revenue and control public spending following November presidential elections, She added.

She also said the budget deficit is projected to reach 6 percent of gross domestic product this year from an initial forecast of 4.5 percent.

Source: Bloomberg