Paul Sarubbi

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%.

The Paraguayan Road Chamber (Cavialpa) demands from the Ministry of Economy and Finance (MEF) the regulation of the factoring system to settle state debts with contractors. The sector warns that delays force private indebtedness and that current payments do not reduce the accumulated liability.