Economy & Business - December 2004

The Foro Social de la Deuda Extranjera de Honduras (Fosdeh) published a report on corruption in the country on 9 December. The Fosdeh reckons, based on allegations of corruption, that the equivalent of 19% of the country's US$1.8bn budget was mislaid. The Fosdeh pointed out that if the government had been able to stop this level corruption the country would not have a fiscal deficit but a fiscal surplus.