An intervention into the administration of former Asunción mayor Óscar “Nenecho” Rodríguez documented G. 512 billion in municipal bond resources handled through the city’s “Cuenta Única,” or single-account system. According to former interventor Carlos Pereira, more than 92% of that G. 512 billion was used for current expenses, principally salaries, year-end bonuses, council allowances, staff bonuses, basic services, rent, cleaning and maintenance.
That figure should not be confused with the G8 bond issue. According to the figures assembled by ABC Color, Rodríguez’s administration had four bond issues — G6, G7, G8 and G9 — between 2019 and his resignation in August 2025, totaling G. 728.404 billion. Three issues were associated with infrastructure projects; G9 was issued to refinance earlier bond debt coming due.
G8 was G. 360 billion, not G. 512 billion
The 2022 G8 issue raised G. 360 billion for eight storm-drainage projects. ABC reported that only four had been started by the time Rodríguez left office: San Pablo at 49% progress, Abasto at 61%, Santo Domingo at 36%, and General Santos and San Antonio at 0% 18 months after the ceremonial start. The other four planned projects — Ayala Velázquez, España II, Terminal and Universidad Católica — had not been started, according to the report.
For G8, the reporting puts the G. 360 billion principal together with G. 159.211 billion in interest due through 2032, for a total of G. 519.211 billion. For G9, it reports G. 195 billion in principal plus G. 177.714 billion in interest through 2035.
Rodríguez defended the single-account mechanism
Rodríguez had publicly defended the use of the single account in 2024. In a June 26, 2024 municipal statement, his administration argued that the mechanism was permitted under Paraguay’s financial-administration rules and allowed the municipality to use available liquidity instead of taking short-term loans. The administration estimated that this avoided about G. 77.342 billion in interest costs. Rodríguez denied that the money had disappeared or been misappropriated.
On July 3, 2024, Rodríguez also said that, in his reading, the then-current report by the Contraloría General de la República, Paraguay’s comptroller-general, did not identify patrimonial damage or misappropriation and that the dispute concerned differing criteria over whether the municipality could use the single-account mechanism. Those statements represent the former administration’s position and sit alongside the later intervention findings.
What the numbers establish — and what they do not
The corrected distinction is therefore important: the intervention did not say that G. 512 billion, or 92%, came out of the G. 360 billion G8 issue. It identified G. 512 billion from a broader pool of municipal bond resources handled through the single-account mechanism and said more than 92% of that amount went to current expenses.
ABC also reported unfinished or unexecuted projects linked to G6 and G7. At the same time, its report notes that those two issues were not examined in the same way by the intervention or the Contraloría General de la República. The available material therefore does not support assigning the same conclusion to every guaraní from those issues.