The increase in the budget ($ 582 million) is destined almost exclusively to cover increases in teachers salaries.
The departments which have been designated the most resources are Education with $1,227 million, Health $563 million, Interior $199 million, and Security $184 million.
"In order to curb public spending in 2012 current spending will be reduced in all state departments, decentralized agencies and institutions.
Alongside the austerity measures in public spending are measures that make new positions created from mergers represent savings of 20 percent, direct and automatic appointment of the staff of the Ministry of Education and management departments is prohibited without approval from Finance", reported Latribuna.hn.
Source: latribuna.hn
More on this topic
September 2010
The budget approved by the council of ministers represents a 10% increase relative to 2010.
The document sets the country's 2011 budget at $7.039 billion of which 56.8% will be managed by the central government with the remaining 43.2% administered by decentralized institutions.
September 2009
The budget approved by the Minister Cabinet includes 47% in health and education.
Gabriela Núñez, Finance Minister, stated that the new budget represents a 5.9% increase over last year.
"Nuñez explained that the 2010 budget will be financed with tax collection and funds from state enterprises, like the telephone and port companies", published Laprensahn.com.
October 2011
The National Assembly has approved a state budget for the year 2012, at $14,451 million, the highest in the country's history.
The beneficiaries are ministries of the Presidency with $881 million and the Public Works with $723.4 million. The amounts allocated to the Ministry of Health are $538 million and $218 million for Education.
November 2010
The $ 10.8 billion budget approved on first debate by the National Assembly represents a nominal increase of 17% compared to 2010.
The proposed budget must be approved by the National Assembly by November 30th, as required by the Constitution.
"The spending plan will be funded 55% by current income and 44.6% with domestic placement of debt securities," wrote El Financiero on their website.
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