The Ministry of Economy and Finance (MEF) and the National Directorate of Tax Revenue (DNIT) have begun new revenue and expenditure estimates to decide whether to raise the fiscal deficit cap, currently set at 1.5% of GDP. The move comes after first-quarter revenue fell short of expectations, while the accumulated deficit has already reached 0.8% of GDP and the annualized figure stands at 2.2%.
Nathalia Rodríguez Romero
Gerente de Economía del Ministerio de Economía y Finanzas de Paraguay.