How to improve public sector finances in Honduras

Yalcin M. Baran

No 309, Policy Research Working Paper Series from The World Bank

Abstract: The objectives of a public sector management program should be to use resources more efficiently rationalize public sector operations and reduce financial disequilibrium. This report presents a comprehensive policy program to improve public finances in Honduras. It recommends that Honduran authorities prepare an action plan for improving public sector management. The plan should include the following measures: (a) increase savings; (b) introduce efficiency-saving measures; (c) improve budgeting, debt management and tax collection; (d) standardize accounting practices and properly account for debt service obligations; (e) start external management audits of enterprises; and (f) establish financial targets for, and reduce government transfers to, public enterprises. It also recommends measures to: (g) improve service delivery; (h) implement a well-defined privatization program; (i) prepare and implement a growth oriented and financially feasible public investment program; (j) improve decisionmaking and increase accountability and autonomy in public enterprises; (k) improve coordination of the sector; (l) target subsidies; and (m) improve better financial information on the public sector.

Keywords: Environmental Economics&Policies; Public Sector Economics&Finance; National Governance; Banks&Banking Reform; Economic Stabilization (search for similar items in EconPapers)
Date: 1989-11-30
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